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    6 Payne Rd Scarborough, ME 04074

    Sponsored
    For Sale
    $149,950

    Prime .62-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.62-acre commercial land parcel presents a compelling investment opportunity in Scarborough, Maine. Located at 6 Payne Rd, 04074, this property boasts a highly desirable location, offering excellent visibility and accessibility. The lot is zoned TVC, permitting the construction of a building up to 3,152 square feet, as illustrated in the provided renderings (note: land sale only

    Property Features for 6 Payne Rd

    General Information

    Property type
    Land
    Lot Size
    27,007 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.386589
    Latitude
    43.5735622

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    FAQs

    What type of property is this?
    Land - Prime .62-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 6 Payne Rd Scarborough, ME.
    What is the asking price?
    The asking price for this property is $149,950.
    Request Owner's contact information
    6 Payne Rd Scarborough, ME 04074
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    Scarborough, ME 04074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6 Payne Rd Scarborough, ME 04074
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