162 Us-1Scarborough, ME 04074

Property Details for 162 Us-1

Year built

1987

Lot size

0.33 AC

Property size (Sq ft)

6,492 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional 6,492 square foot freestanding office building presents a compelling owner-user opportunity in Scarborough, Maine. Located at 162 US-1, this Class B property boasts a prime location near major employers like the MaineHealth Campus and Norway Savings Bank, as well as numerous amenities including restaurants (Lois’ Natural, The Maine Bagel, Dunkin’, Starbucks), a Hannaford supermarket, and more. Built in 1987, the three-story building sits on a 0.33-acre lot (APN: U045/18A) and is zoned TVC (Town & Village Centers), offering flexibility for various professional uses. Its layout is easily divisible, making it suitable for multiple tenants. The property benefits from high visibility and accessibility, with convenient access to Portland, The Maine Mall, Portland International Jetport, I-295, and I-95. High traffic counts of 25,980 vehicles per day (2022 data) ensure significant exposure. The asking price is $895,000, translating to $137.86 per square foot. This represents a strong investment opportunity for businesses seeking a well-situated, adaptable office space in a thriving commercial area. The property's convenient location and ample square footage make it an ideal choice for companies seeking to establish or expand their presence in the Scarborough market.

Location Insight

City

Scarborough

County

Cumberland

State

Maine

Latitude

43.5966

Longitude

-70.3249

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