578 Us Route 1 Scarborough, ME 04074

This exceptional retail property, located at 578 US Route One in Scarborough, Maine, presents a compelling investment opportunity. The 11,305 square foot building sits on a substantial 8.04-acre lot, offering significant redevelopment potential. Built in 1930, the property is currently utilized as a flea market, but its versatile zoning (TVC, TVC3, and R4) allows for a multitude of uses. The convenient location, less than three miles from Exit 42 of the Maine Turnpike, ensures high visibility and accessibility. Daily traffic counts on Route One average approximately 14,300 vehicles, providing excellent exposure for any business. The current tenant operates under a tenancy at will agreement. This presents a unique chance to acquire a large parcel of land in a high-traffic area with diverse zoning possibilities, making it ideal for both commercial and residential development. The asking price for this significant property is $1,100,000. The property's size and location in Scarborough, Cumberland County, Maine (zip code 04074) make it a truly remarkable investment prospect. This is a rare opportunity to acquire a substantial property with significant upside potential in a desirable Maine location.