Property summary
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.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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