280 Maine Mall RdSouth Portland, ME 04106

Property Details for 280 Maine Mall Rd

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

5,775 SF

Zone code

MM

Property type

Turn key restaurants

APN

SPOR M:074-B L:005-B

APU

SPORM074BL005B

Description

This exceptional 5,775 square foot retail property presents a prime opportunity for a discerning tenant. Situated on a highly visible 0.86-acre corner lot at a signalized intersection, this single-story building boasts over 300 feet of combined frontage on Maine Mall Road and Gorham Road. Benefit from exceptional daily traffic counts exceeding 30,000 vehicles (AADT), ensuring maximum exposure for your business. Conveniently located adjacent to The Maine Mall and just minutes from the Portland Jetport, this location offers unparalleled accessibility and high foot traffic. Built in 1992, the property is zoned CCR - Central & Regional Commercial District (APN: 074/B/005, Cumberland County). The property features easy access to both I-95 and I-295, providing seamless connectivity for customers and employees. A ground lease option is also available. Inquire for lease rate details. This is a single-suite building offering a versatile space perfect for a variety of retail or restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $1,403,527

  6.5%

  $1,295,563

  7%

  $1,203,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,901,495

  Geo Method

  $1,901,495

• Alternative Use

  Use

  Valuation

  Residential

  $1,092,856

  Hospitality

  $1,001,050

  Educational

  $832,862

  Medical

  $861,505

  Retail

  $1,295,563

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6366

Longitude

-70.3353

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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