Fully Leased Retail
For Sale
Contact for pricing
442 US-1, Scarborough, ME 04074
26,464 SF retail plaza on US Route One.
Property Size26,464 SF
Price / SF$188.94
Days on Market1520
Property Features for 442 US-1
General Information
Standard status
Active
Size
26,464 SF
Property subtype
Retail
Zoning
B3
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1981
Buildings
1
Tenancy
Multi
Listing Agency:
Malone Commercial Brokers
Listed By:
Mark Malone · License #ME 911380
(207) 772-2422
Source:
Crexi
Added: Aug 8, 2022
Changed: Sep 22
Last Checked: Oct 5 at 6:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Malone Commercial Brokers
Investment Insights
Based on property information with market context.
The Southgate Retail Plaza is a 26,464± square foot fully-leased retail property. It is located with high visibility on US Route One, which has traffic counts of 24,840± cars per day. Tenants include Tractor Supply Co., Elevate Athletics, and Quality Floor Finishers Showroom. The property includes 100± parking spaces and a large pylon sign. The 2024 Net Operating Income is $343,225.
Key Highlights
- Fully‑leased retail plaza providing immediate income.
- High visibility location on US Route One with significant daily traffic.
- Strong tenant mix including Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$276,761
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,535,220
$5.5M
Cap Rate 7%
$3,953,729
$4.0M
Cap Rate 9%
$3,075,122
$3.1M
Market Conditions
NOI Build-Up for 26,464 SF
Gross rent
$476.4K $18.00/SF
− Vacancy
−$81.0K −$3.06/SF
EGI
$395.4K $14.94/SF
− OpEx
−$118.6K −$4.48/SF
NOI
$276.8K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,535,220
Cap Rate 7%
$3,953,729
Cap Rate 9%
$3,075,122
Alternative Uses
Best Use
Retail
$3.95M
$3.46M – $4.61M
NOI $276,761 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.27M
$6.36M – $8.49M
NOI $509,156 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Gateway Shoppes at Scarborough — 260 Payne Rd, Scarborough, ME 04074
Frequently Asked Questions
What type of property is this?
Shopping center - 26,464 SF retail plaza on US Route One.
Where is this shopping center located?
The property is located at 442 US-1 Scarborough, ME.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Fully‑leased retail plaza providing immediate income.; High visibility location on US Route One with significant daily traffic.; Strong tenant mix including Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom.
