INVESTMENT / INCOME Office & Mixed Use Development 4 HIGHLAND AVENUE SCARBOROUGH, MAINE

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1 INVESTMENT / INCOME Office & Mixed Use Development 4 HIGHLAND AVENUE SCARBOROUGH, MAINE KAREN RICH BROKER direct krich@malonecb.com CHERI BONAWITZ CCIM, BROKER direct cheri@malonecb.com MALONE COMMERCIAL BROKERS 5 Moulton Street, Portland, ME main

2 4 Highland Avenue - Scarborough HIGHLIGHTS LOCATION The property is located directly on Highland Avenue just east of the intersection with Black Point Road (Route 207). The property is about midway between the Black Point Community Park to the east and Nonesuch River to the west. Scarborough s Oak Hill retail corridor and business district, U.S. Route 1 and Route 114 are only minutes away. EXISTING BUILDING The existing 4,255± SF building has been used by a Maine engineering and energy consulting firm for its headquarters. It is an excellent place for continuation as professional offices and services uses while offering multiple opportunities for expansion and mixed use development on property s nearly one acre site. Freestanding 2-story building with annex comprised of office, light industrial and storage spaces Built in 1700; refurbished in 2006 and 2018 Town of Scarborough Historical Building Tax Credits 10± parking on-site parking spaces BLACK POINT RD BLACK POINT RD 207 HIGHLAND AVE ST. MAXIMILIAN KOLBE Meticulously maintained with numerous improvements that include: 6 concrete floor in basement with retaining walls, floor drains and sump-basin with underground discharge piping Brazilian cherry solid hardwood flooring Insulated and electric overhead door (10 x 7.45 ) Hearthstone stoves in five sealed fireplaces Rinnai-type heater units with programmable thermostats for hearthstone stoves and local controls on Rinnai Ground floor sensors and alarm Expanded parking lot design submittal package documentation available (pre-approved by town in )

3 4 Highland Avenue - Scarborough GENERAL INFORMATION PROPERTY SUMMARY BUILDING OVERVIEW ADDRESS: 4 Highland Avenue, Scarborough, ME LAND AREA: 0.97± acre FRONTAGE: 326± feet LOT DIMENSIONS: See existing site layout plan TOTAL BUILDINGS: 1 ZONE: TVC3 (Town & Village Centers Fringe District) EXISTING USE: Commercial/Office WATER & SEWER: Public PARKING: 10± on-site TOTAL ASSESSED VALUE: $468,900. (Reassessment occurring in 2018 per Town Assessor for commercial properties) REAL ESTATE TAXES: $5, ( ) DEED REFERENCE: Registry of Deeds Book 24012, Page 81 MAP & LOT #: Map R08, Lot 1016 SALE PRICE: $825,000. This property is also available for lease Contact brokers for leasing information BUILDING SIZE: 4,255± SF EXISTING CONFIGURATION: See floor plans BUILT: 1700 (Renovations and/or additions in 2006 and 2018) STORIES: 2 FOUNDATION: Stone and brick; new 6 concrete floor in basement with retaining walls, floor drains & sump-basin with underground discharge piping CONSTRUCTION: Woodend post and beam EXTERIOR: Clapboard cover with vinyl siding ROOF: Pitched, asphalt shingles CEILINGS: 8 2 to 8 11 (first floor); 7 (second floor) FLOORING: Original wide-board pine; new Brazilian cheery solid hardwood 5 wide (installed ) LIGHTING: Mix of ceiling & wall-mounted fixtures throughout ELECTRICAL: 200 amp, 240/120 volts, 60 hz, single phase (*three phase located at the street, very close) HVAC: Hearthstone stoves in 5 sealed fireplaces & Rinnai-type heater units w/programmable thermostats for stoves & local controls on Rinnai. Fuel: Propane A/C window units LOADING/UNLOADING: Electric, insulated overhead door (10 wide x high) RESTROOMS: 1 (full bath with laundry hook-ups) OTHER: Developable open attic space with 3 windows; full kitchen This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property

4 4 Highland Avenue - Scarborough FLOOR PLANS NOTES: Full bath on 1st floor with laundry hook-ups Kitchen on 1st floor Server room and IT office on 1st floor Conference room on 1st floor Full size and electronic copies of plans available Square footage summary and matrix of interior and exterior dimensions is available Contact broker for all copies

5 4 Highland Avenue - Scarborough PHOTOS 1st FLOOR 2nd FLOOR MALONE COMMERCIAL BROKERS 5 MOULTON ST, 3RD FL PORTLAND, ME MALONECB.COM

6 4 Highland Avenue - Scarborough EXISTING SITE LAYOUT EXISTING BUILDING EXISTING PARKING LOT FULL SIZE & ELECTRONIC COPIES AVAILABLE CONTACT BROKER

7 4 Highland Avenue - Scarborough PARKING EXPANSION SITE DEVELOPMENT MIXED USE DEVELOPMENT 3-D renderings of new and expanded parking lot 10 parking spaces currently exist New parking lot plan would add approximately 10 more parking spaces Current owner applied for new parking lot with the Town of Scarborough in , which was pre-approved. Design and submittal package available on request The property offers the potential for residential or commercial units, or a combination (within the existing building and/or in a new building) Potential mixed uses include: Professional services firm: engineering, accounting, graphic design, legal, counseling, etc. Construction company/contractor: offices, shop, garage and equipment storage Multi-unit residential units, town homes Day care (large yards, full kitchen, bath with laundry, increased parking potential) Restaurant / Bistro / Tavern Retirement Community / Campus Small scale retail Subject to the Town of Scarborough s TVC3 (Town & Village Centers Fringe District) Permitted uses include residential, mixed and non-residential uses Development at a scale and uses at an intensity which are compatible with surrounding areas Conceptual Site Development Plan on next page shows a residential duplex concept. This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property

8 4 Highland Avenue - Scarborough CONCEPTUAL SITE DEVELOPMENT PLAN FULL SIZE & ELECTRONIC COPIES AVAILABLE CONTACT BROKER

9 INVESTMENT / INCOME Office & Mixed Use Development 4 HIGHLAND AVENUE SCARBOROUGH, MAINE AREA STATISTICS SUBJECT Radius: 1 mile Total Residential Population 2,778 Average Household Income $121,292 Total Businesses 56 Total Employees mile Total Residential Population 15,365 Average Household Income $107,262 Total Businesses 917 Total Employees 14,559 5 mile Total Residential Population 39,889 Average Household Income $93,823 Total Businesses 2,450 Total Employees 40,895 Source: U.S. Census Bureau, Census 2010 Summary File 1, Esri forecast for 2017, InfoGroup Inc. CALL KAREN OR CHERI FOR FURTHER DETAILS & TO ARRANGE A PROPERTY TOUR KAREN RICH BROKER direct krich@malonecb.com CHERI BONAWITZ CCIM, BROKER direct cheri@malonecb.com

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