375 US Route 1
Scarborough, ME 04074

This site is an opportunity for a developer to enter the heart of Southern Maine’s multi-family market with scale. Historically, the market has high barriers for entry, and is experiencing rising rents annually. Most of the multi-family housing inventory is primarily constructed in the 1980’s or earlier. Scarborough, Maine is located just south of Portland in what is referred to as the "Greater Portland trade area". Located one hour and forty five minutes north of Boston (100 miles), the subject site is located along the Route One corridor, boasting some of Maine’s highest coastal traffic counts. Portland is considered the epicenter of the Maine economy with its greater community experiencing a boom in demand for housing over the past five years.