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Property profile

10 Market St Scarborough, ME 04074

OFF-MARKET
Retail properties & Spaces
1,729 SF 6.1 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 1,729 square foot retail space, located at 10 Market Street, Unit 3, Scarborough, ME 04074, presents a unique investment opportunity. Part of a new, three-story, 31,753 square foot building within The Downs mixed-use development, this first-floor unit is ideally suited for quick-service restaurants, fast food establishments, or other storefront businesses. Built in 2024, the property boasts a Class B designation and is zoned for the Haigis Parkway District, ensuring high visibility and accessibility. The building features 192 parking spaces, catering to ample customer convenience. This multi-unit building offers flexibility, with the potential to combine units for larger operations. The 6.1-acre lot provides significant space, and the "vanilla shell" condition allows for complete customization to meet specific business needs. The property is offered at $561,925, with a price per square foot of $325. This represents a rare chance to own a build-to-suit space in a thriving, master-planned development in a prime Greater Portland location, anticipated to be completed in Fall 2024. The property is part of a larger development including a planned restaurant and coffee shop, further enhancing the area's appeal and foot traffic. This is an owner/user investment opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 1,729 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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