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Property profile

106 Innovation Way Scarborough, ME 04074

OFF-MARKET
Warehouses
22,000 SF 1.68 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 22,000 SF
Lot 1.68 ac (73,181 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

106 Innovation Way 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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