Freestanding Restaurant
For Sale
$995,000
11 Elm Street, Biddeford, ME 04005
Commercial Sale, Biddeford, ME
Property Size3,935 SF
Lot Size0.56 Acres
Price / SF$252.86
Days on Market89
Property Features for 11 Elm Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B1
Lot features
Waterfront, Water View, Public Transport Access, Near Turnpike/ Interstate, Downtown, Business District, Bus Line
Standard status
Active
Size
3,935 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7548
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Cooling system
Central Air
Water source
Public
Water front features
Stream
Building Details
Year built
1972
Flooring type
Vinyl, Carpet
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 282-5988
Listed By:
Steven Liautaud
(207) 604-0655
Added: Jul 11
Changed: Sep 14
Last Checked: Oct 7 at 7:06PM
MLS# 1658022
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant property occupies a 0.56-acre site and includes a building constructed in 1972. The former restaurant facility has wood siding, vinyl and carpet flooring, forced-air oil heating, central air, a shingle roof, and public water and sewer service. B1 zoning is in place for the property.
Located at 11 Elm Street in Biddeford, the site has frontage on the Saco River and approximately 12,400± vehicles pass the area daily. An on-site parking lot serves the building. The property is on Spring Island, near the Pepperell Mill Campus and Lincoln Mill, with continued redevelopment and Main Street revitalization identified in the surrounding area.
Located at 11 Elm Street in Biddeford, the site has frontage on the Saco River and approximately 12,400± vehicles pass the area daily. An on-site parking lot serves the building. The property is on Spring Island, near the Pepperell Mill Campus and Lincoln Mill, with continued redevelopment and Main Street revitalization identified in the surrounding area.
Key Highlights
- 0.56‑acre restaurant property with a freestanding building
- B1 zoning with public water and public sewer
- Frontage on the Saco River at Spring Island
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.
Property Analytics
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property has B1 zoning, public water and sewer, and an on-site parking lot.
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: 0.56‑acre restaurant property with a freestanding building; B1 zoning with public water and public sewer; Frontage on the Saco River at Spring Island
