333 Clarks Pond PkwySouth Portland, ME 04106

Property Details for 333 Clarks Pond Pkwy

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.94 AC

Property size (Sq ft)

27,945 SF

Zone code

Z

Property type

Retail properties

Property subtype

Super regional malls

APN

SPOR M:066 L:012

APU

SPORM066L012

Description

This exceptional 1,658 square foot retail space is situated within the vibrant Clarks Pond Shopping Center at 333 Clarks Pond Pkwy, South Portland, ME 04106. Located in a high-traffic area, easily accessible from I-95 and I-295, this property benefits from its proximity to the Maine Mall and other major retail destinations. The single-story building, constructed in 1991 and extensively renovated in 2017, offers a modern and attractive retail environment. The space is immediately available and boasts excellent visibility thanks to its location within a shopping center anchored by Home Depot and featuring a diverse mix of established local and national tenants, including Plato's Closet, Urban Air, Maine Warrior Gym, The Axe Pit, Port City Nutrition, CoCo Cheveux, and Taj Indian Cuisine. The property is zoned CCR and has a Cumberland County APN of 05220_66-12C. The total building size is 62,068 square feet, with a minimum divisible space of 1,658 square feet and a maximum contiguous space of 1,658 square feet. This presents a unique opportunity for businesses seeking a well-established, high-visibility location in a thriving South Portland retail hub. The property's convenient access and strong tenant mix make it an ideal investment for a variety of retail uses. This space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $6,791,610

  6.5%

  $6,269,179

  7%

  $5,821,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,201,260

  Geo Method

  $9,201,260

• Alternative Use

  Use

  Valuation

  Residential

  $5,288,287

  Hospitality

  $4,844,042

  Educational

  $4,030,186

  Medical

  $4,168,791

  Retail

  $6,269,179

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6331

Longitude

-70.3282

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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