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    175 Scarborough Downs Rd Scarborough, ME 04074

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    Scarborough, ME: Prime Medical Office Opportunity

    Lot size:
    320,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 320,000 square foot medical office building presents a unique investment opportunity in Scarborough, Maine's burgeoning Town Center. Located at 175 Scarborough Downs Rd, 04074, this single-tenant property sits on a sprawling 577-acre site within the larger Downs development. The building is currently vacant and ready for immediate occupancy. The property is part of a vibrant mixed-use development, including 240 residential units, a boutique hotel, restaurants, breweries with outdoor and rooftop dining, and additional mixed-use buildings featuring first-floor retail and upscale housing. InterMed, a healthcare provider, is slated to begin construction in the fall of 2024, further enhancing the area's appeal and attracting a high-quality tenant base. The development's strategic location and comprehensive amenities create a highly desirable environment for both patients and employees. The overall development also includes luxury condominiums, market-rate apartments, and Maine's first affordable housing building for individuals with physical disabilities. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-impact, high-growth opportunity in a thriving Maine community. The property's size and location within the newly developed Town Center provide significant potential for long-term value appreciation. This is a rare chance to acquire a substantial, fully vacant building in a rapidly expanding area.

    Property Features for 175 Scarborough Downs Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    320,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    320,000 SF

    HighLights

    • 320,000 SF medical office building in Scarborough, ME's Town Center.
    • Located at 175 Scarborough Downs Rd, 04074, on a 57‑acre site.
    • Currently vacant, ready for immediate occupancy.
    • Part of a vibrant mixed‑use development including residential, hotel, and retail.
    • InterMed construction starting Fall 2024.
    • Prime location with high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.354751
    Latitude
    43.5967386

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    FAQs

    What type of property is this?
    Restaurant - Scarborough, ME: Prime Medical Office Opportunity
    Where is this restaurant located?
    The property is located at 175 Scarborough Downs Rd Scarborough, ME.
    What are key features of this property?
    This property features: 320,000 SF medical office building in Scarborough, ME's Town Center.; Located at 175 Scarborough Downs Rd, 04074, on a 57-acre site.; Currently vacant, ready for immediate occupancy.
    Request Owner's contact information
    175 Scarborough Downs Rd 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
    175 Scarborough Downs Rd Scarborough, ME 04074
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