Retail Store with On-Site
408 Elm Street Biddeford, ME 04005
For Sale
$599,000
COMMERCIAL - Biddeford, ME
Property Size1,650 SF
Lot Size0.22 Acres
Price / SF$363.03
Days on Market11
Property Features for 408 Elm Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- B2
- Standard status
- Active
- Size
- 1,650 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5688
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Roof type
- Flat
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Zachary Resnikoff
(207) 606-9665
Added: Jul 17
Last Checked: Jul 27 at 7:06AM
MLS# 1655350
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 1,650± SF retail building offers a layout previously used as a convenience store with fuel service. The property includes wall-mounted coolers and a small kitchen area, providing existing infrastructure for light food or retail concepts. All remaining furniture, fixtures, and equipment will be removed prior to occupancy.
The site sits on 0.22± acres and includes a small on-site parking footprint. It is located within the B-2 Highway Business zone and is approximately 2 miles from the Maine Turnpike, supporting convenient regional access.
The seller notes that permitted uses and redevelopment potential, including underground tank use, should be confirmed directly with the City of Biddeford.
The site sits on 0.22± acres and includes a small on-site parking footprint. It is located within the B-2 Highway Business zone and is approximately 2 miles from the Maine Turnpike, supporting convenient regional access.
The seller notes that permitted uses and redevelopment potential, including underground tank use, should be confirmed directly with the City of Biddeford.
Key Highlights
- 1,650± SF retail building on 0.22± acres with a small on‑site parking footprint
- B‑2 Highway Business zoning; encouraged buyers to confirm permitted uses with the City of Biddeford
- Former convenience store with fuel service; includes wall‑mounted coolers and a small kitchen area
Financial Insights For 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 | $31.3k | $18.96 |
| − Vacancy | −$2.7k | −$1.61 |
| EGI | $28.6k | $17.35 |
| − OpEx | −$8.6k | −$5.20 |
| NOI | $20.0k | $12.14 |
1,650 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$286.2K
$250.5K – $334.0K
NOI $20,037 @ 7.0% cap · market cap 3.35%
Second Best
Specialty Retail
$285.1K
$249.5K – $332.6K
NOI $19,956 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$523.0K
$457.7K – $610.2K
NOI $36,613 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Uptown Market
Gas Station
Uptown Smoke Shop
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Ray's Market — 110 West St, Biddeford, ME 04005
FAQs
What type of property is this?
Grocery and convenience store - Retail building in a B-2 Highway Business zone with small on-site parking and existing wall-mounted coolers.
Where is this grocery and convenience store located?
The property is located at 408 Elm Street Biddeford, ME.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,650± SF retail building on 0.22± acres with a small on‑site parking footprint; B‑2 Highway Business zoning; encouraged buyers to confirm permitted uses with the City of Biddeford; Former convenience store with fuel service; includes wall‑mounted coolers and a small kitchen area
