Entity Owned Property summary
This single-story, 3,252 square foot office building at 24 West Cole Road in Biddeford, Maine, presents a unique investment opportunity. Situated on a 0.4-acre lot, the property boasts a flexible layout suitable for traditional office, medical office, or coworking spaces. Built in 1986, the building features a single-phase, 100-amp electrical system. The zoning is designated as Medical, offering potential for a variety of healthcare-related businesses. The property's address is 24 W Cole Rd, Biddeford, ME 04005, and its location is further identified by APN Map 17, Block 2 & 3, Lot 22, within York County. The building is comprised of one structure with multiple tenancies, providing ample space for diverse business needs. This property offers a compelling combination of location, versatility, and potential for significant return on investment. Its adaptable design and prime location make it an attractive option for entrepreneurs, established businesses, and investors seeking a foothold in the thriving Biddeford market. The property's single-story design offers easy accessibility and efficient use of space. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician Medical Clinic
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Physician Medical Clinic
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Physician Medical Clinic
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Rehabilitation Center Physical Therapy Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Medical Zone (M): Allows for hospitals and medical offices or other uses associated with medical facilities or occupations. j. Shoreland Zones (RP-1, RP, LR, GDI, GDII, CFMA, and LC): See Article XIV (Shoreland Zoning) f…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M · Biddeford, MEMedical Zone (M): Allows for hospitals and medical offices or other uses associated with medical facilities or occupations. j. Shoreland Zones (RP-1, RP, LR, GDI, GDII, CFMA, and LC): See Article XIV (Shoreland Zoning) f…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Medical Zone (M): Allows for hospitals and medical offices or other uses associated with medical facilities or occupations. j. Shoreland Zones (RP-1, RP, LR, GDI, GDII, CFMA, and LC): See Article XIV (Shoreland Zoning) f…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M in Biddeford, ME.
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