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    FOR LEASE
    Office buildings

    265 Main St, Biddeford, ME 04005

    14,432 SF 0.13 ac lot Built 1900
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US42-0896976
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Groups Recover Together Counselor Addiction Treatment 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
    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
    4a Prop LLC · 4 yrs held
    4a Prop LLC
    since 2021
    4 recorded transactions
    2021
    2017
    2011
    2010
    Zoning & alternative use
    MSRD1 · Biddeford, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $4.0M +43.5%
    Restaurant $3.0M +7.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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