Fully Equipped Restaurant with
11 Elm Street Biddeford, ME 07105
For Sale
Contact for pricing
Fully equipped restaurant on Main Street with a large on-site parking lot and high daily traffic counts.
Property Size3,959 SF
Lot Size0.56 Acres
Price / SF$315.74
Days on Market93
Property Features for 11 Elm Street
General Information
- Standard status
- Active
- Size
- 3,959 SF
- Lot size
- 0.56 Acres
- Property subtype
- Retail
Listing Agency:
Coldwell Banker Realty
Listed By:
Steve Liautaud · License #ME BA910131
Source:
Crexi
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
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
Investment Insights
Based on property information with market context.
Fully equipped 3,959 SF restaurant available for sale at 11 Elm Street in Biddeford, ME. The property includes 0.56 acres of land and features a large on-site parking lot designed to support customer access and daily operations.
Situated on Main Street in the heart of Biddeford, the site benefits from reported traffic volume of 12,400 vehicles per day. The area is undergoing a Main Street Revitalization Project, with major developments nearby including Pepperell Mill, Lincoln Mill, and The Levee.
This offering is presented as a turn-key restaurant space, combining an established food-and-beverage setup with convenient parking in a district currently seeing active redevelopment.
Situated on Main Street in the heart of Biddeford, the site benefits from reported traffic volume of 12,400 vehicles per day. The area is undergoing a Main Street Revitalization Project, with major developments nearby including Pepperell Mill, Lincoln Mill, and The Levee.
This offering is presented as a turn-key restaurant space, combining an established food-and-beverage setup with convenient parking in a district currently seeing active redevelopment.
Key Highlights
- Fully equipped 3,959 SF restaurant on Main Street in Biddeford, ME
- 0.56‑acre lot with a large on‑site parking lot
- High traffic volume of 12,400 vehicles per day
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.5k | $26.40 |
| − Vacancy | −$8.4k | −$2.11 |
| EGI | $96.2k | $24.29 |
| − OpEx | −$24.0k | −$6.07 |
| NOI | $72.1k | $18.22 |
3,959 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$901.5K – $1.20M
NOI $72,117 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,121 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Koi Asian Cuisine
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Fully equipped restaurant on Main Street with a large on-site parking lot and high daily traffic counts.
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 $1,250,000.
What are key features of this property?
This property features: Fully equipped 3,959 SF restaurant on Main Street in Biddeford, ME; 0.56‑acre lot with a large on‑site parking lot; High traffic volume of 12,400 vehicles per day
