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    Investment properties

    107 Mussey Rd, Scarborough, ME 04074

    1,920 SF 51.96 ac lot Built 1870
    Entity Owned 3-yr Hold
    Property ID
    US42-0412455
    107 Mussey Rd, Scarborough, ME 04074 For Lease
    $14 SF/Yr
    107 Mussey Rd, Scarborough, ME 04074
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 15-40 acre industrial land parcel in Scarborough, Maine, presents a unique investment opportunity. Located at 107 Mussey Road, this vacant site boasts convenient access to major transportation arteries. It's situated approximately half a mile from the Maine Turnpike's Exit 45 and I-295, offering seamless connectivity for logistics and distribution businesses. The property's proximity to key commercial areas like the Scarborough Gallery and Maine Mall, as well as the Portland International Jetport, further enhances its strategic value. Zoned for industrial use, this land is ready for development. The site benefits from readily available municipal water, sewer, and natural gas infrastructure, simplifying the development process and reducing upfront costs. With its substantial acreage and prime location, this property is perfectly suited for the construction of large-scale warehouse or distribution facilities, catering to the growing demands of the region's logistics sector. The land is priced at $350,000 per acre, offering a compelling investment proposition for developers seeking a strategic foothold in a thriving commercial hub. The property's address is 107 Mussey Rd, Scarborough, ME 04074, within Cumberland County.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1870
    Total area 1,920 SF
    Lot 51.96 ac (2,263,378 SF)
    Zoning code 31
    APN SCAR M:R055 L:010
    UPID US42-0412455
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.27M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.41M
    Owner & transaction history
    Sl 2 Real Estate LLC · 3 yrs held
    Sl 2 Real Estate LLC
    since 2023
    Last sale
    $4.5M
    3 recorded transactions
    2023
    $4.5M
    2022
    $4.0M
    2022
    Zoning & alternative use
    31 · Scarborough, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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