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Property profile

10 Market St Scarborough, ME 04074

OFF-MARKET
Retail properties & Spaces
2,019 SF 6.1 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 2,019-square-foot retail space, part of a new three-story building (completed in 2024), presents a unique owner-user investment opportunity in Scarborough, Maine's vibrant The Downs development. Located at 10 Market Street, this Class B property is ideally suited for quick-service restaurants, fast food establishments, or other storefront businesses. The unit is one of three within a larger 31,753-square-foot building, offering flexibility for expansion or consolidation. The property boasts 192 parking spaces, ensuring ample customer convenience. Situated within the Haigis Parkway District, this high-visibility location benefits from significant foot traffic and easy access. The asking price is $656,175, translating to $325 per square foot. The building features modern and appealing storefronts, and each unit will be delivered in a "vanilla shell" condition, allowing for complete customization to meet individual business needs. The 6.1-acre lot provides ample space, and the anticipated occupancy date is November 30, 2024. This is a rare chance to own a build-to-suit space in a prime location within a thriving mixed-use development. The property's multi-unit configuration allows for potential expansion or combination with adjacent units to create a larger footprint. This represents a compelling investment opportunity in a rapidly growing area of Maine.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,019 SF
Lot 6.1 ac (265,716 SF)

Cap rate & NOI

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

Location

10 Market St Scarborough, ME 04074
Scarborough metro
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Value estimations

Realmo proprietary · 4 methods
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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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