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    198 Maine Mall Rd South Portland, ME 04106

    Sponsored
    For Lease
    Contact for pricing

    Prime South Portland retail/restaurant opportunity.

    Lot size:
    98,401 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Mallside Plaza, located at 198 Maine Mall Rd in South Portland, ME 04106, presents a unique opportunity for retail and restaurant businesses. This multi-tenant property boasts a total of 98,401 square feet, situated on a generous 12.9-acre lot. The property offers flexible space options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 5,000 square feet currently available. A significant 5,000 square feet of vacant space is ready for immediate occupancy. Built in 1987, the property features ample parking with 467 spaces to accommodate customers and employees. The property's zoning is designated as CCR. Its convenient location in South Portland, Cumberland County, provides excellent visibility and accessibility. The property's address is 198 Maine Mall Rd, and its APN is 05220__068*0000*006B. This is an ideal location for businesses seeking high traffic and strong community presence. The property's size and layout offer versatility for a variety of retail and restaurant concepts. Don't miss this chance to establish your business in a thriving commercial area.

    Property Features for 198 Maine Mall Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,401 SF

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    5,000 SF

    HighLights

    • Pad site available, 2,000‑5,000 square feet.
    • High‑visibility location in a prime mall area.
    • Excellent access at the intersection of Maine Mall Road, Gorham Road, and Running Hill Road.
    • Strong tenant mix including Designer Shoe Warehouse, Five Guys, Dollar Tree, Guitar Center, Five Below, Planet Fitness, Theory Wellness, and Legal‑Ease.
    • Ample parking with approximately 467 spaces.
    • Strategic location between exits 45 and 46 of the Maine Turnpike, benefiting from approximately 40,000 cars per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.333169
    Latitude
    43.6399529

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    FAQs

    What type of property is this?
    Restaurant - Prime South Portland retail/restaurant opportunity.
    Where is this restaurant located?
    The property is located at 198 Maine Mall Rd South Portland, ME.
    What are key features of this property?
    This property features: Pad site available, 2,000-5,000 square feet.; High-visibility location in a prime mall area.; Excellent access at the intersection of Maine Mall Road, Gorham Road, and Running Hill Road.
    Request Owner's contact information
    198 Maine Mall Rd South Portland, ME 04106
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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
    198 Maine Mall Rd South Portland, ME 04106
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