Property summary
This exceptional Class A office building, located at 482 Payne Road in Scarborough, Maine, presents a unique investment opportunity. The property boasts a substantial 38,784 square feet of space, ideally suited for a variety of uses, including executive offices and coworking spaces. Built in 1987, this four-story building sits on a 2.25-acre lot and features 157 parking spaces, ensuring ample convenience for tenants and visitors. The building is equipped with two elevators – one passenger and one service – and benefits from robust 3-phase, 200-amp power. Its B-2 Regional Business zoning allows for diverse commercial applications. The property's address is 482 Payne Road, Scarborough, ME 04074 (APN: Map R037, Lot 041, Cumberland County). The building's multiple tenancy structure offers flexibility for various business models. This well-maintained property provides a strong foundation for growth and success in a thriving commercial area. The building's prime location in Scarborough, Maine, offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial, well-appointed office building in a desirable location. The property's size, amenities, and zoning make it an attractive option for both sale and lease.
Property profile
VerifiedCap rate & NOI
Current use
-
Association / Organization
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Scarborough market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
22 · Scarborough, MEZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 22 in Scarborough, ME.
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