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Property profile

10 Market St Scarborough, ME 04074

OFF-MARKET
Retail properties & Spaces
1,850 SF 6.1 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 1,850 square foot retail space, located at 10 Market Street, Unit 2, Scarborough, ME 04074, presents a unique owner-user investment opportunity within The Downs mixed-use development. Completed in 2024, this Class B property is part of a three-story building (31,753± SF total) and offers high visibility and ample parking (192 spaces) within the Haigis Parkway District. The unit is situated on a 6.1-acre lot and is ideal for quick-service restaurants, full-service restaurants, or storefront retail businesses. Priced at $601,250 ($325/SF), this space is delivered in a "vanilla shell" condition, allowing for complete customization to suit individual business needs. The property is part of a condominium association and benefits from the significant foot traffic and appeal of The Downs development, anticipated to include additional restaurants and a coffee shop. This is a rare chance to own a new construction retail space in a prime Greater Portland location. The property's multi-unit configuration allows for potential expansion by combining units.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 1,850 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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