10 Snow Canning RdScarborough, ME 04074

Property Details for 10 Snow Canning Rd

Year built

1920

Lot size

7.00 AC

Property size (Sq ft)

93,862 SF

Zone code

31

Property type

Industrial properties

APN

SCAR M:R087 L:005

APU

SCARMR087L005

Description

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.

Location Insight

City

Scarborough

County

Cumberland

State

Maine

Latitude

43.5438

Longitude

-70.3494

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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