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Property profile & analytics
OFF-MARKET
Office Spaces

162 Us-1 Scarborough, ME 04074

6,492 SF 0.33 ac lot Built 1987
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1987
Total area 6,492 SF
Lot 0.33 ac (14,375 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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