280 Maine Mall RdSouth Portland, ME 04106

  • Retail properties
  • 5,775 SF
For Lease

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
280 Maine Mall Rd, South Portland, Maine

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,611
$1,854,400
$805,500
$2,659,900
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