USAMESouth Portland279 Main Street
279 Main Street | Image 1
279 Main Street | Image 2

$2,850,000

17 days ago

279 Main Street, South Portland, ME

0 Bed

0 Bath

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MLS® 1650508

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $34,756
Days Active 16
Approx. Age 1996
MLS® Number 1650508

Property Address: 279 Main Street, South Portland, ME, 04106

Average square foot calculated using Size range provided by listing agent.

Description

Here is a rare opportunity at one of South Portland's most iconic and high-traffic intersections. The Walgreens location at 279 Main Street, located at Cash Corner, is uniquely available for a limited time either as a redevelopment opportunity to purchase vacant or to accept a lease extension offering and remain as a single tenant retail building. The site sees combined traffic counts exceeding 25, 000 VPD. The property currently features a freestanding retail building with a drive-thru pharmacy, providing easy access to I-295 and surrounding high-density residential neighborhoods. The tenant currently has a lease expiration of May 31st, 2026 and is seeking a short term lease extension through September 31, 2029 with a rental rate of $134, 606.70 annually or $13.46 PSF, NNN. The likely highest and best use is a redevelopment of the existing 10, 578 SF as well as additional development of the adjacent excess land with site plan proposals attached to the listing for an idea of what could be developed on the site. The opportunity for an owner user or developer is here for a limited time.
MLS® Number1650508
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1996
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 28, 2026List Date
$2,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
279 Main Street, South Portland, ME

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