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    OFF-MARKET Estimated value $1,010,000
    Super regional malls

    333 Clarks Pond Pkwy, South Portland, ME 04106-6920

    27,945 SF 11.94 ac lot Built 1991
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US42-0318141
    Property summary
    AI-generated overview

    This exceptional 1,658 square foot retail space is situated within the vibrant Clarks Pond Shopping Center at 333 Clarks Pond Pkwy, South Portland, ME 04106. Located in a high-traffic area, easily accessible from I-95 and I-295, this property benefits from its proximity to the Maine Mall and other major retail destinations. The single-story building, constructed in 1991 and extensively renovated in 2017, offers a modern and attractive retail environment. The space is immediately available and boasts excellent visibility thanks to its location within a shopping center anchored by Home Depot and featuring a diverse mix of established local and national tenants, including Plato's Closet, Urban Air, Maine Warrior Gym, The Axe Pit, Port City Nutrition, CoCo Cheveux, and Taj Indian Cuisine. The property is zoned CCR and has a Cumberland County APN of 05220_66-12C. The total building size is 62,068 square feet, with a minimum divisible space of 1,658 square feet and a maximum contiguous space of 1,658 square feet. This presents a unique opportunity for businesses seeking a well-established, high-visibility location in a thriving South Portland retail hub. The property's convenient access and strong tenant mix make it an ideal investment for a variety of retail uses. This space is ready for immediate occupancy.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1991
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 27,945 SF
    Lot 11.94 ac (520,106 SF)
    Zoning code Z
    APN SPOR M:066 L:012
    UPID US42-0318141
    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
    $890k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.13M
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Eastpoint Christian Church · 9 yrs held
    Eastpoint Christian Church
    since 2016
    3 recorded transactions
    2016
    2014
    2007
    Zoning & alternative use
    Z · South Portland, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $1.4M +88.4%
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