9 Thornton Ave Biddeford, ME 04005
This exceptional 8,988 square foot industrial building, situated on a 0.08-acre lot in the heart of Biddeford, Maine, presents a unique investment opportunity. Built in 1860, the two-story structure is zoned MSRD3 and features one loading dock and one dock-high door, enhancing its functionality. The building boasts ceiling heights ranging from 8 to 10 feet and comprises a large bay area (not clear span), a smaller garage bay, and office space. Upstairs, you'll find additional storage, a breakroom, office, and bathroom. The property's location directly off Elm Street in Biddeford's bustling downtown provides excellent visibility and accessibility. Detailed conversion plans for a seven-unit residential condo complex are available, offering significant potential for future development. The property's assessed parcel number (APN) is Map 040, Lot 08, and its address is 9 Thornton Avenue, Biddeford, ME 04005. The asking price is $440,000, translating to $48.95 per square foot. This property offers a blend of existing industrial space and exciting redevelopment possibilities in a highly desirable location. Don't miss this chance to acquire a versatile and strategically positioned asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.