For Sale
$8,725,000

482 Payne Rd Scarborough, ME 04074

Class A Office, 38,784 SF, $8.725M

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A office building, located at 482 Payne Road in Scarborough, Maine, presents a compelling investment opportunity. The property boasts 38,784 square feet of space within a single, four-story building constructed in 1987. Situated on a 2.25-acre lot (APN: Map R037, Lot 041) and zoned B-2 Regional Business, this property offers ample parking with 157 spaces available. The building features a roof-mounted photovoltaic system with solar panels, contributing to energy efficiency. Its prime location at the corner of Payne and Cummings Roads offers excellent visibility and accessibility, being conveniently situated near I-295 and I-95, providing easy access to the Portland International Jetport, Maine Mall, and Downtown Portland. The property's strategic location allows for great signage options, ensuring high tenant exposure. Currently offered for sale at $8,725,000, this is a NNN lease type property. The building is owned by Cowabunga LLC. This is a rare opportunity to acquire a well-maintained, high-quality office building in a thriving Maine location. The property is ideally suited for a variety of businesses seeking a prominent presence in the Scarborough market.

Highlights

  • 9,696± SF of Class A office space available.
  • Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, providing convenient access to I-295, I-95, Portland International Jetport, and Maine Mall.
  • High visibility with strong signage opportunities.
  • Features a roof-mounted photovoltaic system.

Property Details for 482 Payne Rd

Property type
Office properties
Square Feet
38,784 SF
Class
A
Year Built
1987
Buildings
1
Stories
4
Lot Size (sq. ft)
98,010 SF

Location Insight

City
Scarborough
County
Cumberland
State
Maine
Latitude
43.627179961834
Longitude
-70.346207475667

FAQs

What type of property is this?
Office property - Class A Office, 38,784 SF, $8.725M
Where is the office property located?
The property is located at 482 Payne Rd Scarborough, ME.
What is the asking price?
The asking price for this property is $8,725,000.
What are key features of this property?
This property features: 9,696± SF of Class A office space available.; Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, providing convenient access to I-295, I-95, Portland International Jetport, and Maine Mall.; High visibility with strong signage opportunities.
How can I contact the broker?
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482 Payne Rd
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