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    482 Payne Rd Scarborough, ME 04074

    For Lease
    $15 SF/Yr

    Class A Office Space, 38,784 sqft

    Lot size:
    38,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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 Features for 482 Payne Rd

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,784 SF
    Class
    A
    Total Rate
    48480

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    4th Floor
    Size
    9,696 SF
    Rate per SF
    $15

    HighLights

    • 9,696± SF of Class A office space available.
    • Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, offering convenient access to I‑295, I‑95, Portland International Jetport, Maine Mall, and Downtown Portland.
    • High visibility with strong signage opportunities.
    • Features a roof‑mounted photovoltaic system with solar panels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Bay Care, ... Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.346207475667
    Latitude
    43.627179961834

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    FAQs

    What type of property is this?
    Coworking space - Class A Office Space, 38,784 sqft
    Where is this coworking space located?
    The property is located at 482 Payne Rd Scarborough, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 9,696± SF of Class A office space available.; Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, offering convenient access to I-295, I-95, Portland International Jetport, Maine Mall, and Downtown Portland.; High visibility with strong signage opportunities.
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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
    482 Payne Rd Scarborough, ME 04074
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