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Property profile & analytics
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
Price N/A
Zoning & alternative use
22 · Scarborough, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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