Property profile

265 Main St Biddeford, ME 04005

OFF-MARKET
Office buildings
Property ID
US42-0896976
14,432 SF 0.13 ac lot Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The downtown Biddeford property portfolio consists of three mixed-use buildings and an outdoor parking lot. The buildings include a historic brick retail/office building at 180 Main St with 12,648 square feet, a mixed-use building at 265 Main St with 14,432 square feet configured for retail/office/residential uses, and an office/retail building at 234 Main St with 17,375 square feet. The portfolio also includes a 31-car parking lot at 14 Jefferson St. The property is designed to support continued occupancy under a leased configuration, and the buildings are available to be sold either as a single portfolio or individually.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,432 SF
Lot 0.13 ac (5,663 SF)
Zoning code MSRD1
APN BIDD M:38 L:139
UPID US42-0896976

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Counselor Addiction Treatment Center
  • Tattoo & Piercing Shop
  • Real Estate Agency
  • Real Estate Agency
  • Cafe & Coffee Shop

Location

265 Main St Biddeford, ME 04005-3091
Biddeford metro Census 25206 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.88M
Comparable Approach Comparable
$3.20M
Blend (final) Blend
$3.08M

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2017
Price N/A
2011
Price N/A
2010
Price N/A

Zoning & alternative use

MSRD1 · Biddeford, ME
Zoning description

o nonresidential uses are subject to site plan review. [Amended 2-2-2010 by Ord. No. 2009.98 ] n. Main Street Revitalization District Zones (MSRD): [Amended 2-2-2010 by Ord. No. 2009.98 ; 4-16-2013 by Ord. No. 2013.24 ]…

General category COMMERCIAL
Top alternative use upside
Retail stores $4.0M +43.5%
Restaurant $3.0M +7.7%

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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