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Property profile

9 Thornton Ave Biddeford, ME 04005

OFF-MARKET
Mixed-use properties
8,988 SF 0.08 ac lot Built 1860
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mixed-use properties
Year built 1860
Total area 8,988 SF
Lot 0.08 ac (3,485 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9 Thornton Ave Biddeford, ME 04005
Biddeford metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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