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Property profile

289 Main St Biddeford, ME 04005

OFF-MARKET
Investment properties
Property ID
US42-0326402
View Sample
7,242 SF 0.08 ac lot Built 1890
Entity Owned 5-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,242 SF
Lot 0.08 ac (3,485 SF)
Zoning code MSRD1
APN BIDD M:38 L:141
UPID US42-0326402

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
  • Hair Salon Nail Salon
  • Hair Salon
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.39M
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.29M

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2012
Price N/A
1969
Price N/A
1969
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 $2.0M +95.0%
Restaurant $1.5M +46.3%
Office building $1.4M +35.9%

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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