1220 Brighton AvePortland, ME 04102

Property Details for 1220 Brighton Ave

Lot size

0.78 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

PTLD M:265 B:A009002

APU

PTLDM265BA009002

Description

This exceptional 0.78-acre commercial property at 1220 Brighton Avenue in Portland, Maine (04102), offers a unique investment opportunity. Zoned Commercial Business (B4), this site boasts 4,394 square feet of vacant land with approximately 120 feet of frontage along Brighton Avenue/Route 25B. The property is ideally situated less than one mile from Exits 47 and 48 of the Maine Turnpike/I-95, ensuring excellent accessibility and high visibility. Its location at the entrance of an approved major retail development provides significant advantages. Nearby amenities include the Portland International Jetport, the Maine Mall, and downtown Portland. The property is suitable for ground lease or build-to-suit opportunities, with a minimum divisible space of 1,197 square feet and a maximum contiguous space of 2,000 square feet. The site consists of three suites in total. APN: Map 265, Block A, Lot 9, Cumberland County. This is a rare chance to acquire a highly desirable retail pad site in a thriving area of Portland.

• CAP approach

  CAP return

  Valuation

  6%

  $8,295,754

  6.5%

  $7,657,618

  7%

  $7,110,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,239,070

  Geo Method

  $11,239,070

• Alternative Use

  Use

  Valuation

  Residential

  $6,459,488

  Hospitality

  $5,916,856

  Educational

  $4,922,755

  Medical

  $5,092,056

  Retail

  $7,657,618

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6766

Longitude

-70.3296

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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