Investment / 2 Building Strip Mall / For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30365546
Property Subtypes: Mixed Use
Status: Pending
Building Size (RSF): 20,124 SF
Gross Building Area: See Agent
Gross Land Area: 2.20 Acres
Sale Price: $3,800,000
Unit Price: $188.83 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/1/2019

Overview / Comments

Payne Road Plaza is adjacent to the north and Sam’s Wholesale Club is to the south of this 2.2 Acre Site

• Marden’s, Wal-Mart and Scarborough Gallery are directly across Payne Road from this highly visible shopping center

• Fully Leased - Tenants include Great East Butcher Shop, NAPA Auto, LeRoux Kitchen, Crisp Classes LLC

• Easy Access from I-95/The Maine Turnpike, I-295, Route 1 - just South of The Maine Mall and Portland International Jetport

• High traffic corridor approximately 1 mile south of Maine Mall - Traffic Count at site is 24,010± VPD

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map R037 Lot 5
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Feet of Frontage: 340
Highway Access: 95, 295
Airports: Portland International Jetport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1970
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Metal
Total Parking Spaces: 89
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Zoning Description: B2 Regional Business
Lot Frontage: 340
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,779 108,783
Median Age: 40.01 39.03
Households: 9,213 48,213
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.