280 Maine Mall RdSouth Portland, ME 04106
- Retail properties
- 5,775 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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