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442 US Route 1 26,464 SF 100% Leased Retail Building Scarborough, ME 04074 $5,000,000 ($188.94/SF) 6.86% Cap Rate
Investment Highlights
- 100± parking spaces, loading dock & large pylon sign.
- High visibility on US Route One with traffic counts of 24,840± cars/day.
Executive Summary
SOUTHGATE RETAIL PLAZA
26,464± SF fully-leased retail plaza
High visibility on US Route One with traffic counts of 24,840± cars/day
Tenants include Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom
100± parking spaces & large pylon sign
SALE PRICE: $5,000,000
2024 NOI: $343,225
26,464± SF fully-leased retail plaza
High visibility on US Route One with traffic counts of 24,840± cars/day
Tenants include Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom
100± parking spaces & large pylon sign
SALE PRICE: $5,000,000
2024 NOI: $343,225
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
26,464 SF
Building Class
C
Year Built
1981
Price
$5,000,000
Price Per SF
$188.94
Cap Rate
6.86%
NOI
$343,225
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.11
Lot Size
5.60 AC
Zoning
B3 - Business
Parking
100 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
530’ on US-1
Amenities
- Signage
Property Taxes
| Parcel Number | SCAR-000063R-000000-000003A | Improvements Assessment | $1,857,300 |
| Land Assessment | $1,080,800 | Total Assessment | $2,938,100 |
Property Taxes
Parcel Number
SCAR-000063R-000000-000003A
Land Assessment
$1,080,800
Improvements Assessment
$1,857,300
Total Assessment
$2,938,100
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442 US Route 1
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