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$2,850,000 Sale Pending
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Property Description
Presenting a rare chance to acquire a landmark site at one of South Portland's most iconic, high-traffic intersections. Located at 279 Main Street, this property boasts combined traffic counts exceeding 25,000 VPD and offers immediate access to I-295 and high-density residential neighborhoods. The site currently features a 10,578 SF freestanding building with a drive-thru, providing a strong foundation for redevelopment or an owner-user transition. With additional excess land included, the highest and best use lies in a full-scale redevelopment project, supported by available site plan proposals. Secure a strategic foothold in a premier location with short-term holding income potential while you finalize your vision for this transformative site.
Full Property Details
Full Property Details for 279 Main St
General
- Price: $2,850,000
- Taxes: $34,756 (2024)
- Status: Pending
- Type: Commercial Investment
- Source: MREIS
- MLS ID: 1650508
- Updated: 2/24/2026
- Added to Site: 65 day(s) ago
Business
- Business Type: Freestanding Building, Retail, Net Leased
Interior
- Flooring: Vinyl, Concrete, Carpet
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: Cumberland
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Direct Vent Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Glass, Brick Veneer, Brick, Block, Masonry, Steel Frame
- Roof: Flat, Membrane
- Building Size: 10578
- Square Feet: 10,578
- Living Area: 10,578 Sq. Ft.
- Year Built: 1996
- Other Struct. Feat.: Overhead Doors, Sprinkler - Wet
Lot Features
- Lot Size (Acres): 2.9
- Lot Size (Sq. Ft.): 126,324
- Zoning: Limited Business
- Lot Description: Public Transport Access, Near Turnpike/Interstate, Business District, Suburban
Financial Considerations
- Tax Amount: $34,756
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 160A
Listed by Keller Williams Realty (207) 879-9800
Get Pre-Approved Today
Schools
Schools serving 279 Main St
School District:South Portland
| Name | Grades | Distance |
|---|---|---|
James Otis Kaler Elementary School 165 South Kelsey Street, South Portland, ME 04106 | PK-5 | 1.2 mi |
Memorial Middle School, South Portland, ME 120 Wescott Road, South Portland, ME 04106 | 6-8 | 0.6 mi |
South Portland High School 637 Highland Avenue, South Portland, ME 04106 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 279 Main St
Date
Details
Price
Change
Source
1/28/2026
Listed
$2,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 279 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$34,756
—
$2,633,000
7%
2023
$34,684
-9%
$2,452,900
—
2022
$38,167
6%
$2,452,900
—
2021
$36,058
-8%
$2,452,900
24%
2020
$38,985
3%
$1,973,900
—
2019
$37,701
3%
$1,973,900
—
2018
$36,517
3%
$1,973,900
—
2017
$35,530
2%
$1,973,900
—
2016
$34,938
2%
$1,973,900
—
2015
$34,346
2%
$1,973,900
—
2014
$33,754
2%
$1,973,900
—
2013
$32,964
—
$1,973,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 279 Main St
279 Main Street, South Portland, ME 04106 (MLS# 1650508) is a Commercial Investment property. 279 Main Street is currently listed for $2,850,000 and was received on January 28, 2026. Want to learn more about 279 Main Street? Do you have questions about finding other Commercial Investment real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.

