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    114 Mussey Rd Scarborough, ME 04074

    Sponsored
    For Sale
    $3,000,000

    13.5 Acres, 77 Parking Spaces

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13.5-acre commercial land parcel presents a unique investment opportunity in Scarborough, Maine. Located at 114 Mussey Road, the property boasts significant frontage on Mussey Road and convenient access to I-295 and the Maine Turnpike/I-95 (Exit 45), approximately one mile away. Currently zoned B2, the possibility of securing Industrial zoning (B2) through contract zoning exists, expanding development potential. The site offers ample space for substantial development, with a concept rendering indicating the potential for up to approximately 187,000 square feet of building space. The property includes 77 existing parking spaces, providing immediate infrastructure for future tenants. Situated in Cumberland County, with a 04074 zip code, this location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The asking price for this prime development site is $3,000,000. This is a rare opportunity to acquire a large, well-located parcel in a thriving Maine market. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Property Features for 114 Mussey Rd

    General Information

    Property type
    Land
    Lot Size
    588,060 SF

    HighLights

    • 13.5‑acre commercial land parcel in Scarborough, ME, at 114 Mussey Road.
    • Excellent access to I‑295 and I‑95 (Exit 45), approximately one mile away.
    • Currently B2 zoned, with potential for contract zoning to secure Industrial (B2) zoning.
    • Potential for up to 187,000 square feet of building space; 77 existing parking spaces.
    • Asking price: $3,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon 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
    -70.3458309
    Latitude
    43.618747

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    FAQs

    What type of property is this?
    Land - 13.5 Acres, 77 Parking Spaces
    Where is this land located?
    The property is located at 114 Mussey Rd Scarborough, ME.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 13.5-acre commercial land parcel in Scarborough, ME, at 114 Mussey Road.; Excellent access to I-295 and I-95 (Exit 45), approximately one mile away.; Currently B2 zoned, with potential for contract zoning to secure Industrial (B2) zoning.
    (207) 773-7100
    Request Owner's contact information
    114 Mussey 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
    114 Mussey Rd Scarborough, ME 04074
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