95 Darling Ave South Portland, ME 04106
- Commercial real estate
- 30,000 SF
- 3.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 95 Darling Ave
- Year built
- 1978
- Lot size
- 3.19 lot acres
- Property size
- 30,000 SF
- Property type
- Commercial real estate
- APN
- SPOR M:048 L:015-A
- APU
- SPORM048L015A
Description
This exceptional South Portland industrial property, located at 95-97 Darling Avenue, offers a unique opportunity for businesses seeking versatile manufacturing, warehouse, or distribution space. The single-story, 42,000-square-foot building, constructed in 1978 and extensively renovated in 2023, features three suites with 16,330 square feet currently vacant. Available spaces range from 4,000 to 12,000 square feet, providing flexibility for various operational needs. The building boasts a 16-foot ceiling height, one loading dock, and ample power. Its convenient location in Cumberland County, Maine, provides easy access to Interstates 95 and 295, ensuring efficient transportation and logistics. The property is zoned GC - General Commercial, allowing for a wide range of uses, particularly suited for food-related businesses, including manufacturing, production, packaging, storage, and distribution. The property is part of a food-focused campus, fostering collaboration and growth within the local food economy. This Class C building presents a compelling opportunity to establish or expand operations in a prime South Portland location. The property's APN is Map 048, Lot 015-A, and the zip code is 04106. The building does not include elevators.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,725,000
- ML approach
- $6,230,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,210,000
- 6.5%
- $5,730,000
- 7%
- $5,325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,480,000
Market price range: $3.20M - $8.92M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,470,000 Current use
- RETAIL STORES
- $6,085,000 Change: -6% Conversion: Easy
- OFFICE BUILDING
- $5,500,000 Change: -15% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3306
- Latitude
- 43.6401
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA