1220 Brighton Ave Portland, ME 04102
- Parking lots & garages
- 0.78 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 1220 Brighton Ave
- Lot size
- 0.78 lot acres
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $250,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $270,000
- Mixed-Use
- $330,000
- Hospitality
- $275,000
- Educational
- $305,000
- Residential Income
- $305,000
- Energy
- $250,000
- Income-Based Land
- $310,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3296
- Latitude
- 43.6766
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA