For Sale
$5,900,000

10 Snow Canning RdScarborough, ME 04074

Prime Maine industrial, high cap rate, development potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully leased, 111,000 square foot industrial property situated on 8.05 acres in Scarborough, Maine. The property, comprised of two buildings constructed in 1920, boasts 12 loading docks and 14 dock-high doors, along with ample parking for 50 vehicles. High ceilings and both indoor and outdoor parking are additional features. Currently housing 30 tenants under a triple net lease (NNN) with a 10% cap rate, this multi-tenant property offers a strong cash flow. The asking price is $5,900,000, translating to $53.15 per square foot. Located on Route 9, the property enjoys high visibility and accessibility. Its strategic location includes approximately 1000 feet of waterfront and 502 feet of frontage on Snow Canning Road. The property is zoned Town Village Center with Industrial and Shoreline Overlay, presenting significant development potential. Public sewer and water services are available. Seller financing may be considered. This is a rare opportunity to acquire a substantial industrial asset with exceptional waterfront views and significant upside potential in a desirable Maine location.

Highlights

  • Seller financing potential.
  • Fully leased, 111,000 SF industrial property in Scarborough, ME.
  • Exceptional investment and development opportunity with a 10% cap rate.
  • Strategically located on Route 9 with high visibility and accessibility.
  • Features 12 loading docks, 14 dock-high doors, high ceilings, and 50 parking spaces.
  • 8.05-acre lot with 502' frontage and approximately 1,000' of waterfront.

Property Details for 10 Snow Canning Rd

Property type
Warehouses, Industrial properties
Square Feet
111,000 SF
Year Built
1920
Buildings
2

Location Insight

City
Scarborough
County
Cumberland
State
Maine
Latitude
43.5441907
Longitude
-70.3498961
10 Snow Canning Rd, Scarborough, Maine

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10 Snow Canning Rd
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