CORE, the largest integrated commercial real estate firm in Northern New England, and Porta & Company, a commercial real estate brokerage firm based in Portland, together are pleased to announce the sale of 350 U.S. Route One, Yarmouth.
This 17,600-square-foot commercial building was sold to North Yarmouth Academy by 103 LLC for $5.25 million. Charles W. Day at Porta & Company represented the buyer, and Josh Soley of CORE represented the seller. The deal, which closed May 20, 2025, was the result of an off-market listing. North Yarmouth Academy (NYA) plans to redevelop the property to expand student and faculty housing adjacent to their campus.
In a statement on their website about the acquisition, NYA shared: “This mission-driven initiative will enable the Academy to welcome students from around the country and the world. These students will support existing programs and create opportunities to develop new programs benefiting the entire NYA Upper School. The building will include space for four members of the faculty and staff and approximately 45 students. NYA will build out the facility to include a dining and recreational commons. The building will be ready for approximately 20 students, plus faculty and staff, for the fall of 2025.”
“This property presented an exciting opportunity for the buyer to realize their goal of bringing more students into Yarmouth’s vibrant downtown community,” said Josh Soley, President of CORE. “Our client has been communicating and coordinating with existing tenants and the new ownership to facilitate a smooth transition as their redevelopment progresses.”
“The property at 350 US Route 1 presented a unique opportunity for NYA to acquire the building and be able to convert it to a dormitory. Given the high costs for new construction this creative solution was an easy decision for NYA to make, it was a true pleasure to work with the NYA leadership team on this acquisition”, said Charles W. Day, a partner at Porta and Company.
To learn more, please visit corefirms.com or portacompany.com.