Technical
Financial
Distress signals
Property profile

299 Elm St Biddeford, ME 04005

FOR LEASE
Banks
Property ID
US42-0387783
2,456 SF 0.4 ac lot Built 1989
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3,596 square foot office building is situated on a 0.4-acre lot at 299 Elm Street in Biddeford, Maine, zip code 04005. The property, built in 1989, is a single-story structure featuring a traditional office layout. Its convenient location is zoned B2 - Highway Business, making it ideal for a variety of commercial uses. The building's single-tenant occupancy offers a streamlined operational environment. The property's out parcel status and drive-thru capabilities (as indicated by the subtype) present additional opportunities for businesses requiring such features. The property is identified by APN Map 34, Lot 139 within York County. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a high-traffic area of Biddeford. The property's size and zoning provide flexibility for a range of businesses seeking a prominent location with excellent visibility. Interested parties are encouraged to explore the potential of this versatile commercial property.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1989
Construction FRAME
Total area 2,456 SF
Lot 0.4 ac (17,424 SF)
Zoning code B2
APN BIDD M:34 L:139
UPID US42-0387783

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
  • Pharmacy
  • Grocery & Convenience Store Food Market
  • Bank Credit Union
  • Restaurant Take-out & Catering
  • Atm Currency Exchange Service

Location

299 Elm St Biddeford, ME 04005
Biddeford metro Census 25203 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

Zoning & alternative use

B2 · Biddeford, ME
Zoning description

The B2 is highway-oriented commercial area, Residential development is prohibited from this zone

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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