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    299 Elm St Biddeford, ME 04005

    Sponsored
    For Lease
    $24 SF/Yr ($7,320 /Mo)

    Prime Biddeford location, single-tenant office space.

    Lot size:
    3,596 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,596 square foot office building is situated on a 0.4-acre lot at 299 Elm Street in Biddeford, Maine, zip code 04005. The property, built in 1989, is a single-story structure featuring a traditional office layout. Its convenient location is zoned B2 - Highway Business, making it ideal for a variety of commercial uses. The building's single-tenant occupancy offers a streamlined operational environment. The property's out parcel status and drive-thru capabilities (as indicated by the subtype) present additional opportunities for businesses requiring such features. The property is identified by APN Map 34, Lot 139 within York County. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a high-traffic area of Biddeford. The property's size and zoning provide flexibility for a range of businesses seeking a prominent location with excellent visibility. Interested parties are encouraged to explore the potential of this versatile commercial property.

    Property Features for 299 Elm St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,596 SF
    Total Rate
    7320.86

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,456 SF
    Rate per SF
    $24

    HighLights

    • Ground lease opportunity: 0.4‑acre outparcel with a former 2,500 SF building; drive‑thru available; renovation or demolition for new construction possible.
    • High‑visibility Route 1 location, adjacent to Hannaford; 2022 AADT: 12,420 vehicles.
    • Suitable for various uses including retail, service retail, and office. Lease rate: $60,000/year, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hannaford Pharmacy Pharmacy Hannaford Grocery Store Western Union Money Transfer Service Snowfox Sushi Takeout Restaurant Coinstar Kiosk | Bitcoin ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.465963027683
    Latitude
    43.488377746602

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    FAQs

    What type of property is this?
    Restaurant - Prime Biddeford location, single-tenant office space.
    Where is this restaurant located?
    The property is located at 299 Elm St Biddeford, ME.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Ground lease opportunity: 0.4-acre outparcel with a former 2,500 SF building; drive-thru available; renovation or demolition for new construction possible.; High-visibility Route 1 location, adjacent to Hannaford; 2022 AADT: 12,420 vehicles.; Suitable for various uses including retail, service retail, and office. Lease rate: $60,000/year, NNN.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    299 Elm St Biddeford, ME 04005
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