10 Market St Scarborough, ME 04074
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.