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442 US Route 1 26,464 SF 100% Leased Retail Building Scarborough, ME 04074 $6,806,500 CAD ($257.20 CAD/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
$6,806,500 CAD
Price Per SF
$257.20 CAD
Cap Rate
6.86%
NOI
$467,232 CAD
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 | $2,569,352 CAD |
| Land Assessment | $1,495,157 CAD | Total Assessment | $4,064,509 CAD |
Property Taxes
Parcel Number
SCAR-000063R-000000-000003A
Land Assessment
$1,495,157 CAD
Improvements Assessment
$2,569,352 CAD
Total Assessment
$4,064,509 CAD
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442 US Route 1
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