10 Market St Scarborough, ME 04074

Property Details for 10 Market St

Year built

2024

Lot size

6.10 lot acres

Property size

6,531 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 6,531-square-foot office condominium, located at 10 Market Street, Unit 2, Scarborough, Maine, presents a unique investment opportunity. Part of the vibrant Downs development, this Class B building boasts a prime location within the Haigis Parkway District, offering high visibility and significant foot traffic. Completed in 2024, this three-story building features 192 parking spaces for ample convenience. The unit is part of a multi-tenant building and is currently offered as a "vanilla shell," allowing for complete customization to suit individual business needs. The property sits on a 6.1-acre lot and is zoned for a variety of uses, making it ideal for executive, medical, or traditional office spaces. The asking price is $2,122,575, translating to $325 per square foot. This represents a rare chance to own a build-to-suit office space in a thriving mixed-use development in the Greater Portland area. The property's modern design and appealing storefront contribute to its high desirability. The condominium association structure ensures shared responsibility for building maintenance and upkeep. This is a turnkey opportunity to establish a presence in a rapidly growing area with excellent access and amenities. The unit is easily adaptable to various configurations, with the potential to combine with other units to create a larger space. This property offers a blend of modern design, prime location, and flexible space, making it an attractive investment for discerning buyers.

Location Insight

City

Scarborough

County

Cumberland

State

Maine

Longitude

-70.3616

Latitude

43.598