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Property profile

591 Us-1 Scarborough, ME 04074

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Scarborough, Maine's thriving Dunstan Corner. Located at 591 US Route 1, this property boasts 290 feet of frontage on a highly visible corner lot at the intersection of Payne Road and US Route One, experiencing over 15,000 cars daily. The site shares a plaza with On The Vine, a well-established boutique grocery store, and enjoys the benefit of a lighted intersection for optimal accessibility. A Rite Aid is conveniently located directly across the street, further enhancing visibility and foot traffic. Zoned TVC (Town and Village Centers), this property offers flexibility for various development scenarios. Potential uses include ground lease, sale, or build-to-suit options, catering to a range of development preferences. The property's 43,560 square foot lot size provides ample space for a variety of commercial ventures, capitalizing on the rapid growth of this area within one of Cumberland County's fastest-growing towns. Shared parking is available within the plaza. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for discerning developers and businesses seeking a strategic foothold in a high-demand market. The property is located in Cumberland County, Maine, with a Scarborough zip code of 04074.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

591 Us-1 Scarborough, ME 04074
Scarborough metro
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Value estimations

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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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