265 Main St Biddeford, ME 04005
Property profile & analytics
265 Main St Biddeford, ME 04005
- Office buildings
- 14,432 SF
- 0.13 lot acres
Property ID
US42-0896976
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Groups Recover Together / Addiction Treatment Center / Rehabilitation Center
- Hurst and Company / Tattoo & Piercing Shop
- Michael Toomey - RE/MAX Realty One / Real Estate Agency
- Jamie Bones - RE/MAX Realty One / Real Estate Agency
- Elements Books Coffee Beer / Cafe & Coffee Shop
Property Details for 265 Main St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 14,432 SF
- Zone code
- MSRD1
- Property type
- Office buildings
- APN
- BIDD M:38 L:139
- APU
- BIDDM38L139
Description
This exceptional investment portfolio comprises three meticulously maintained buildings totaling 44,455 square feet, situated on a 0.69-acre lot in the vibrant heart of downtown Biddeford, Maine. The portfolio includes 180 Main Street, a 12,648 square foot historic brick building offering a blend of retail and office space; 265 Main Street, a 14,432 square foot turnkey property encompassing retail, office, and residential units; and 234 Main Street, a 17,375 square foot turnkey building featuring office and retail space. All three buildings boast 100% occupancy, providing immediate and substantial cash flow. Additionally, a 31-car parking lot at 14 Jefferson Street is included, enhancing the portfolio's value and appeal. Constructed in 1877, these Class A properties are zoned MSRD-1 and represent a rare opportunity to acquire a significant, fully leased, mixed-use investment in a thriving downtown area. The portfolio is offered for sale as a whole, presenting a compelling investment opportunity with strong potential for future appreciation. The address for this portfolio is 180, 234 & 265 Main Street and 14 Jefferson Street, Biddeford, ME 04005. The APN is Map 38, Lots 128, 137 & 139 and Map 71, Lot 5-1. The asking price for this exceptional portfolio is $7,500,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,205,000
- 6.5%
- $3,880,000
- 7%
- $3,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,198,000
- AI Estimate
- $2,152,000
Market price range: $1.68M - $3.73MMarket price range: $1.23M - $2.49M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,795,000 Current use
- RETAIL STORES
- $4,010,000 Change: +43% Conversion: Moderate
- RESTAURANT
- $3,010,000 Change: +8% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.4582
- Latitude
- 43.494
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,443
$238,700
$1,471,900
$1,710,600
-
$0.00
$0.00
$0.00
