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Property profile & analytics
OFF-MARKET
Commercial land

292 Payne Rd Scarborough, ME 04074-9566

20.26 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US42-0234297
Property summary
AI-generated overview

This exceptional 25-acre commercial land parcel in Scarborough, Maine, presents a remarkable investment opportunity. Located at 292 Payne Rd, 04074, in Cumberland County, this property boasts a highly desirable General Business B3 zoning designation, allowing for a wide range of commercial development possibilities. The site offers over 1125 feet of frontage on Payne Rd, providing excellent visibility and accessibility. With a daily traffic count exceeding 10,000 vehicles, this location ensures high exposure for any commercial venture. Conveniently situated off the Maine Turnpike (north and south), this property benefits from easy access to major transportation routes. The land is strategically positioned adjacent to established national and global warehouse and distribution facilities, further enhancing its appeal. Its proximity to the Downs development and the planned Costco adds to its significant growth potential. While land development is subject to a DEP wetlands mitigation fee, the substantial size and prime location of this property make it an attractive proposition for developers seeking a high-impact commercial project in Southern Maine. The asking price for this exceptional opportunity is $2,500,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 20.26 ac (882,526 SF)
Zoning code 33
APN SCAR M:R039 L:003
UPID US42-0234297
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
GEN 2 REALTY LLC
GEN 2 REALTY LLC
Zoning & alternative use
33 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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