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292 Payne Rd Scarborough, ME 04074

For Sale
$2,500,000

Prime Maine commercial development land, excellent location.

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional 25-acre commercial land parcel in Scarborough, Maine, presents a remarkable investment opportunity. Located at 292 Payne Rd, 04074, in Cumberland County, this property boasts a highly desirable General Business B3 zoning designation, allowing for a wide range of commercial development possibilities. The site offers over 1125 feet of frontage on Payne Rd, providing excellent visibility and accessibility. With a daily traffic count exceeding 10,000 vehicles, this location ensures high exposure for any commercial venture. Conveniently situated off the Maine Turnpike (north and south), this property benefits from easy access to major transportation routes. The land is strategically positioned adjacent to established national and global warehouse and distribution facilities, further enhancing its appeal. Its proximity to the Downs development and the planned Costco adds to its significant growth potential. While land development is subject to a DEP wetlands mitigation fee, the substantial size and prime location of this property make it an attractive proposition for developers seeking a high-impact commercial project in Southern Maine. The asking price for this exceptional opportunity is $2,500,000.

Property Features for 292 Payne Rd

General Information

Property type
Land
Lot Size
1,089,000 SF

HighLights

  • 25‑acre commercial land parcel in Scarborough, Maine.
  • Located at 292 Payne Rd, Scarborough, ME 04074, in Cumberland County.
  • General Business B3 zoning allows diverse commercial development.
  • Over 1125 feet of frontage on Payne Rd with daily traffic exceeding 10,000 vehicles.
  • Excellent access to the Maine Turnpike and major transportation routes.
  • Adjacent to established warehouse and distribution facilities, near Downs development and planned Costco.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Pharmacy Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Scarborough
County
Cumberland
State
Maine
Longitude
-70.364493486935
Latitude
43.605267929962

FAQs

What type of property is this?
Land - Prime Maine commercial development land, excellent location.
Where is this land located?
The property is located at 292 Payne Rd Scarborough, ME.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 25-acre commercial land parcel in Scarborough, Maine.; Located at 292 Payne Rd, Scarborough, ME 04074, in Cumberland County.; General Business B3 zoning allows diverse commercial development.
More about this property
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