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    457 Alfred St Biddeford, ME 04005

    Sponsored
    For Sale
    $500,000

    High-traffic location, excellent signage, I-3 zoning.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.64-acre development opportunity is located at 457 Alfred Street in Biddeford, Maine, zip code 04005. The property, currently zoned Industrial 3 (I-3), offers significant potential for retail development. With a flexible square footage ranging from 3,000 to 6,000 square feet, this site allows for a variety of development options to suit diverse business needs. Its prime location on Biddeford's Route 111 retail corridor ensures high visibility and accessibility, benefiting from an average daily traffic count of approximately 30,000 vehicles. The property boasts excellent signage opportunities at the well-lit intersection of West Cole Road and Route 111, providing exceptional exposure to potential customers. This offering presents a rare chance to acquire a strategically positioned retail development site in a thriving Maine market. The asking price for this remarkable property is $500,000. The current owner is Five Star Holdings, LLC.

    Property Features for 457 Alfred St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF
    Lot Size
    27,878 SF

    HighLights

    • Prime retail location on Route 111 in Biddeford, ME.
    • Excellent signage opportunity at a high‑traffic intersection.
    • High visibility with approximately 30,000 average daily vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4983211
    Latitude
    43.4857267

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, excellent signage, I-3 zoning.
    Where is this individual retail property located?
    The property is located at 457 Alfred St Biddeford, ME.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime retail location on Route 111 in Biddeford, ME.; Excellent signage opportunity at a high-traffic intersection.; High visibility with approximately 30,000 average daily vehicles.
    Request Owner's contact information
    457 Alfred St Biddeford, ME 04005
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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
    457 Alfred St Biddeford, ME 04005
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