292 Payne Rd Scarborough, ME 04074-9566
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
33 · Scarborough, MENo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.