107 Mussey RdScarborough, ME 04074

Property Details for 107 Mussey Rd

Year built

1870

Lot size

51.96 AC

Property size (Sq ft)

1,920 SF

Zone code

31

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

SCAR M:R055 L:010

APU

SCARMR055L010

Description

This exceptional 15-40 acre industrial land parcel in Scarborough, Maine, presents a unique investment opportunity. Located at 107 Mussey Road, this vacant site boasts convenient access to major transportation arteries. It's situated approximately half a mile from the Maine Turnpike's Exit 45 and I-295, offering seamless connectivity for logistics and distribution businesses. The property's proximity to key commercial areas like the Scarborough Gallery and Maine Mall, as well as the Portland International Jetport, further enhances its strategic value. Zoned for industrial use, this land is ready for development. The site benefits from readily available municipal water, sewer, and natural gas infrastructure, simplifying the development process and reducing upfront costs. With its substantial acreage and prime location, this property is perfectly suited for the construction of large-scale warehouse or distribution facilities, catering to the growing demands of the region's logistics sector. The land is priced at $350,000 per acre, offering a compelling investment proposition for developers seeking a strategic foothold in a thriving commercial hub. The property's address is 107 Mussey Rd, Scarborough, ME 04074, within Cumberland County.

• CAP approach

  CAP return

  Valuation

  6%

  $317,433

  6.5%

  $293,015

  7%

  $272,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,867

  Geo Method

  $250,867

• Alternative Use

  Use

  Valuation

  Residential

  $363,339

  Hospitality

  $332,817

  Educational

  $276,900

  Medical

  $286,423

  Retail

  $430,733

Location Insight

City

Scarborough

County

Cumberland

State

Maine

Latitude

43.6191

Longitude

-70.3331

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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