10 Snow Canning Rd
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10 Snow Canning Rd
111,000 SF 100% Leased Industrial Building Scarborough, ME 04074 $8,363,073 CAD ($75 CAD/SF) 11% Cap Rate
Investment Highlights
- Exceptional Development Potential
- 10%+ Cap Rate
- Grandfathered Waterfront Footprint
Executive Summary
POTENTIAL FOR SELLER FINANCING. Introducing a prime waterfront industrial asset at 10 & 20 Snow Canning Road, Scarborough, ME. This fully leased 111,005± SF property presents exceptional investment and development potential. Strategically located on Route 9 Pine Point Road, the site offers outstanding visibility and accessibility.
The property offers 12 loading docks, 14 large overhead doors, high ceilings, common and private restrooms, and both outdoor and indoor parking. With 502' frontage on Snow Canning Road and approximately 1000± feet of waterfront, it spans 8.05± acres. The site features breathtaking water views in three directions, enhancing its appeal for potential development projects.
Zoned for Town Village Center with Industrial Overlay and Shoreland, the property is priced at $5,900,000 with 2021 taxes. Public sewer and water services are available. This is a prime opportunity to secure a valuable industrial asset with remarkable development potential in a desirable location.
The property offers 12 loading docks, 14 large overhead doors, high ceilings, common and private restrooms, and both outdoor and indoor parking. With 502' frontage on Snow Canning Road and approximately 1000± feet of waterfront, it spans 8.05± acres. The site features breathtaking water views in three directions, enhancing its appeal for potential development projects.
Zoned for Town Village Center with Industrial Overlay and Shoreland, the property is priced at $5,900,000 with 2021 taxes. Public sewer and water services are available. This is a prime opportunity to secure a valuable industrial asset with remarkable development potential in a desirable location.
Property Facts
| Price | $8,363,073 CAD | Lot Size | 8.05 AC |
| Price Per SF | $75 CAD | Rentable Building Area | 111,000 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 11% | Year Built | 1920 |
| Property Type | Industrial | Parking Ratio | 0.45/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 12 |
| Building Class | C | No. Drive In / Grade-Level Doors | 14 |
| Price | $8,363,073 CAD |
| Price Per SF | $75 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 11% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 8.05 AC |
| Rentable Building Area | 111,000 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.45/1,000 SF |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 14 |
PROPERTY TAXES
| Parcel Number | SCAR-000087R-000000-000005 | Improvements Assessment | $1,890,342 CAD |
| Land Assessment | $1,179,548 CAD | Total Assessment | $3,069,890 CAD |
PROPERTY TAXES
Parcel Number
SCAR-000087R-000000-000005
Land Assessment
$1,179,548 CAD
Improvements Assessment
$1,890,342 CAD
Total Assessment
$3,069,890 CAD
zoning
| Zoning Code | 31 (TOWN VILLAGE CENTER WITH INDUSTRIAL AND SHORELINE OVERLAY) |
| 31 (TOWN VILLAGE CENTER WITH INDUSTRIAL AND SHORELINE OVERLAY) |
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Lauren Jones -
David Jones -
F. O. Bailey Real Estate
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