106 Innovation Way Scarborough, ME 04074
This exceptional 22,000-square-foot Class A flex/warehouse space, built in 2024, is ideally situated in Scarborough Downs' Innovation District, offering high visibility on Innovation Way. The single-story building features 12 drive-in bays, 54 parking spaces, and 3-phase power. With a minimum divisible space of 7,000 square feet and a maximum contiguous space of 22,000 square feet, this property is perfect for a variety of uses, including light industrial, warehouse, retail, and office. The 1.68-acre lot boasts convenient access to municipal water and sewer, natural gas, and fiber optics. The space includes private restrooms, natural light, central air and heating, and is ready for immediate occupancy ("plug & play"). Its proximity to the new Scarborough Town Center, currently under construction and already boasting 261 sold or leased homes, ensures high traffic and visibility. The surrounding area is experiencing significant growth, with numerous new businesses planned, including light industrial, manufacturing, technology, service, restaurant, gas station, and retail establishments. The property is zoned CPD.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.