Convenience Store with
For Sale
$599,000
408 Elm Street, Biddeford, ME 04005
Commercial Sale, Biddeford, ME
Property Size1,650 SF
Lot Size0.22 Acres
Price / SF$363.03
Days on Market44
Property Features for 408 Elm Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B2
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
1,650 SF
Lot size
0.22 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5688
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Amenities
wall-mounted coolers
small kitchen area
Building Details
Year built
1950
Roof type
Flat
Buildings
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Zachary Resnikoff
(207) 606-9665
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 28 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
The 1,650-square-foot building occupies a 0.22-acre parcel and includes wall-mounted coolers and a small kitchen area. Built in 1950, it has a flat roof, oil-fired forced-air heat, and wall-unit cooling. Public water and sewer serve the property.
Located at 408 Elm Street in Biddeford, the property is 2 miles from the Maine Turnpike. It is zoned B2. The site previously accommodated a convenience store and fuel service; buyers or tenants should verify permitted uses with the City of Biddeford.
Located at 408 Elm Street in Biddeford, the property is 2 miles from the Maine Turnpike. It is zoned B2. The site previously accommodated a convenience store and fuel service; buyers or tenants should verify permitted uses with the City of Biddeford.
Key Highlights
- 1,650 square feet on a 0.22‑acre parcel
- B2 zoning
- 2 miles from the Maine Turnpike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,037
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,740
$400.7K
Cap Rate 7%
$286,243
$286.2K
Cap Rate 9%
$222,633
$222.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$31.3K $18.96/SF
− Vacancy
−$2.7K −$1.61/SF
EGI
$28.6K $17.35/SF
− OpEx
−$8.6K −$5.20/SF
NOI
$20.0K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,740
Cap Rate 7%
$286,243
Cap Rate 9%
$222,633
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 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 20%
Apparel 7%
Home Improvements & Furnishings 1%
McDonald's
Dining
25,415 visits/mo
0.2 miles
Burger King
Dining
18,059 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,827 visits/mo
0.1 miles
Starbucks
Dining
14,664 visits/mo
0.1 miles
Ninety Nine Restaurants
Dining
8,648 visits/mo
0.3 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?
Gas station - A compact commercial building includes a kitchen area, wall-mounted coolers, and a small on-site parking area.
Where is this gas station 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 square feet on a 0.22‑acre parcel; B2 zoning; 2 miles from the Maine Turnpike
