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Property profile

175 Scarborough Downs Rd Scarborough, ME 04074

OFF-MARKET
Retail properties & Spaces
320,000 SF 577 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 320,000 SF
Lot 577 ac (25,134,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

175 Scarborough Downs Rd Scarborough, ME 04074
Scarborough metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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