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    9 Thornton Ave Biddeford, ME 04005

    For Sale
    $440,000

    Seven-unit apartment building, prime location.

    Property size:
    8,988 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    304
    This exceptional redevelopment opportunity presents a three-story, 8,988 square foot mixed-use building situated on a 0.08-acre lot in Biddeford, Maine. Currently zoned MSRD 3, this property offers a unique chance to create a seven-unit apartment building with ground-floor commercial space. Built in 1860, the building at 9 Thornton Avenue is located minutes from Biddeford's vibrant Main Street, offering easy access to restaurants, cafes, breweries, and shops. Its proximity to the Saco Amtrak Station ensures seamless commutes to Portland and Boston. Biddeford's ongoing revitalization, including new parking garages and community events, creates a thriving environment. This investment is priced at $440,000 and presents a compelling opportunity to capitalize on Biddeford's growth and contribute to its dynamic transformation. The property's location, accessibility, and the city's continued development make it a unique investment opportunity in one of Maine's most exciting communities. The APN is BIDD-000040-000000-000008 and the zip code is 04005. This is a Class C property.

    Property Features for 9 Thornton Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,988 SF
    Class
    C
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1860
    Buildings
    1
    Stories
    3

    HighLights

    • $440,000 asking price for a mixed‑use, multifamily redevelopment opportunity.
    • 8,988 square foot, three‑story, seven‑unit apartment building (planned conversion) with ground floor commercial space.
    • Located at 9 Thornton Ave, Biddeford, ME 04005, on a 0.08‑acre lot (APN: BIDD‑000040‑000000‑000008).
    • Built in 1860, Class C property, currently zoned MSRD 3.
    • Prime location near downtown Biddeford, minutes from Main Street, and the Saco Amtrak Station, offering easy access to Portland and Boston.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4577062
    Latitude
    43.4962831

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 9 Thornton Ave Biddeford, ME.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: $440,000 asking price for a mixed-use, multifamily redevelopment opportunity.; 8,988 square foot, three-story, seven-unit apartment building (planned conversion) with ground floor commercial space.; Located at 9 Thornton Ave, Biddeford, ME 04005, on a 0.08-acre lot (APN: BIDD-000040-000000-000008).
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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

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    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
    9 Thornton Ave Biddeford, ME 04005
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