Restaurant Building with River
For Sale
$995,000
11 Elm Street, Biddeford, ME 04005
The freestanding site includes on-site parking and frontage along the Saco River.
Property Size3,935 SF
Price / SF$252.86
Days on Market200
Property Features for 11 Elm Street
General Information
Standard status
Active
Size
3,935 SF
Property subtype
Commercial
Zoning
B1
Additional Details
Traffic Count
12,400 vehicles/day
Taxes and HOA fees
Annual Taxes
$7,548
Building Details
Building Size
3,935 SF
Year Built
1972
Buildings
1
Listing Agency:
Coldwell Banker Realty
(207) 282-5988
Listed By:
Steven Liautaud
(207) 604-0655
Source:
Hayesrealestate
Added: Apr 16
Changed: Oct 27
Last Checked: Oct 31 at 2:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property at 11 Elm Street in Biddeford has frontage on the Saco River and an on-site parking lot. The building was constructed in 1972 and carries B1 zoning. The reported size figures conflict, so no building area is stated.
Elm Street traffic is reported at approximately 12,400 vehicles per day. Nearby redevelopment includes Pepperell Mill Campus, Lincoln Mill, Riverdam Mill, and The Levee, with residential, commercial, and mixed-use projects represented in the surrounding district.
Elm Street traffic is reported at approximately 12,400 vehicles per day. Nearby redevelopment includes Pepperell Mill Campus, Lincoln Mill, Riverdam Mill, and The Levee, with residential, commercial, and mixed-use projects represented in the surrounding district.
Key Highlights
- Freestanding restaurant property with Saco River frontage
- On‑site parking lot
- B1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,592
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,840
$951.8K
Cap Rate 7%
$679,886
$679.9K
Cap Rate 9%
$528,800
$528.8K
Market Conditions
NOI Build-Up for 3,935 SF
Gross rent
$70.8K $18.00/SF
− Vacancy
−$7.4K −$1.87/SF
EGI
$63.5K $16.13/SF
− OpEx
−$15.9K −$4.03/SF
NOI
$47.6K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,840
Cap Rate 7%
$679,886
Cap Rate 9%
$528,800
Alternative Uses
Best Use
Specialty Retail
$679.9K
$594.9K – $793.2K
NOI $47,592 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,316 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 20%
Apparel 17%
Dining 15%
Shaw's Supermarket
Groceries
26,960 visits/mo
0.4 miles
Reny's
Apparel
23,122 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,783 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,374 visits/mo
0.5 miles
Mobil
Shops & Services
9,313 visits/mo
0.2 miles
Demographics for 04005, ME
24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The freestanding site includes on-site parking and frontage along the Saco River.
Where is this conventional restaurant located?
The property is located at 11 Elm Street Biddeford, ME.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Freestanding restaurant property with Saco River frontage; On‑site parking lot; B1 zoning
