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    FOR SALE
    Investment properties

    3 E Grand Ave, Scarborough, ME 04074

    7,960 SF 1.3 ac lot Built 1940
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US42-0362393
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 3 E Grand Avenue in Scarborough, Maine, presents a compelling investment opportunity. The building encompasses a substantial 7,960 square feet of space situated on a generous 1.3-acre lot. Its mixed-use zoning allows for a variety of commercial and potentially residential applications, providing significant flexibility for the discerning investor. The property's prime location in Scarborough offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a high-traffic area. The substantial size of the lot provides ample space for expansion, redevelopment, or additional parking, further enhancing its investment potential. The asking price of $1,895,000 reflects the property's significant size, desirable location, and versatile zoning. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Maine community. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and financial documents are available upon request. Don't miss this chance to secure a valuable asset in a sought-after location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1940
    Total area 7,960 SF
    Lot 1.3 ac (56,628 SF)
    Zoning code 22
    APN SCAR M:U022 L:123
    UPID US42-0362393
    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
    Current use
    Occupant on record · Public records
    • Dog Days Gift Shop (Bike/Boat/Book/etc) Store
    • The Garage BBQ Restaurant
    • EBC Pizza Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.18M
    Blend (final) Blend
    $940k
    Owner & transaction history
    3 East Grand LLC · 9 yrs held
    3 East Grand LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    22 · Scarborough, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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