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Property profile & analytics
FOR SALE
Warehouses

20 Morin St Biddeford, ME 04005

51,221 SF 3.4 ac lot Built 1984
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US42-0112955
Property summary
AI-generated overview

This exceptional 52,000-square-foot industrial property, located at 20 Morin Street in Biddeford, Maine, is available for sale or lease. Built in 1990 and renovated in 2014, this single-tenant building sits on a 4.379-acre lot within the convenient Biddeford Industrial Park. The property boasts a generous 18' to 25' ceiling height, providing ample vertical space for various industrial uses. Loading and unloading are efficient with four dock-high doors and five drive-in doors. The building also includes a 5-ton crane, ideal for heavy lifting operations, and a substantial lay-down area for materials storage. Parking is plentiful with 82 spaces available. The property features robust electrical service: 1200 amp, 277/480 volt, 3-phase power. The zoning is industrial, and the property offers easy access to I-95 and Route One, ensuring seamless transportation and logistics. The minimum divisible space is 10,000 square feet, with a maximum contiguous space of 52,000 square feet. Currently, the entire 52,000 square feet is vacant and ready for immediate occupancy. This property presents a unique opportunity for businesses seeking a well-equipped, strategically located industrial space in Maine. The property's size, features, and location make it an ideal choice for manufacturing, distribution, or warehousing operations.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Construction STEEL FRAME
Total area 51,221 SF
Lot 3.4 ac (148,104 SF)
Zoning code I1
APN BIDD M:11 L:9-1
UPID US42-0112955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Curran Co Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.25M
Owner & transaction history
20 Morin Street LLC · 5 yrs held
20 Morin Street LLC
since 2021
7 recorded transactions
2021
Price N/A
2014
Price N/A
2011
Price N/A
2009
Price N/A
2008
Price N/A
2007
Price N/A
2006
Price N/A
Zoning & alternative use
I1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $2.1M +24.0%
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