9 Thornton Ave Biddeford, ME 04005
This exceptional redevelopment opportunity presents a three-story, 8,988 square foot mixed-use building situated on a 0.08-acre lot in Biddeford, Maine. Currently zoned MSRD 3, this property offers a unique chance to create a seven-unit apartment building with ground-floor commercial space. Built in 1860, the building at 9 Thornton Avenue is located minutes from Biddeford's vibrant Main Street, offering easy access to restaurants, cafes, breweries, and shops. Its proximity to the Saco Amtrak Station ensures seamless commutes to Portland and Boston. Biddeford's ongoing revitalization, including new parking garages and community events, creates a thriving environment. This investment is priced at $440,000 and presents a compelling opportunity to capitalize on Biddeford's growth and contribute to its dynamic transformation. The property's location, accessibility, and the city's continued development make it a unique investment opportunity in one of Maine's most exciting communities. The APN is BIDD-000040-000000-000008 and the zip code is 04005. This is a Class C property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.