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    66 Andrews Rd Biddeford, ME 04005

    Sponsored
    For Sale
    $1,490,000

    Large industrial building, ample land, high revenue potential.

    Property size:
    11,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 11,700 square foot industrial building presents a compelling investment opportunity. Located at 66 Andrews Road, Biddeford, ME, this property boasts a prime location just off Route 111, offering convenient access to major transportation routes. The building sits on a substantial 16-acre lot, providing extensive outdoor storage space, a significant advantage for various industrial operations. The property features multiple overhead garage doors and loading docks, facilitating efficient material handling and logistics. Well-appointed office spaces are also included, catering to administrative needs. Currently, two bays are under lease, generating a consistent income stream. This existing rental income offers the potential to offset expenses for an owner-occupant, enhancing the overall return on investment. The property's versatility allows for a wide range of potential uses, making it an attractive option for businesses seeking a spacious and functional workspace. Furthermore, an additional 35-acre parcel is available for purchase, presenting an opportunity to expand operations or develop further. Owner financing may be available for this additional parcel, providing flexible acquisition options. This property is priced at $1,490,000 and represents a rare opportunity to acquire a substantial industrial property with significant growth potential in a desirable location.

    Property Features for 66 Andrews Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    11,700 SF
    Lot Size
    696,960 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    HZ Auto Auto Repair Shop Casella Waste Systems Garbage Collection Service

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.5244
    Latitude
    43.485

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    FAQs

    What type of property is this?
    Industrial property - Large industrial building, ample land, high revenue potential.
    Where is this industrial property located?
    The property is located at 66 Andrews Rd Biddeford, ME.
    What is the asking price?
    The asking price for this property is $1,490,000.
    (207) 289-2336
    Request Owner's contact information
    66 Andrews Rd Biddeford, ME 04005
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    Biddeford, ME 04005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    66 Andrews Rd Biddeford, ME 04005
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