You are browsing as a guest. Register to access key data for free.
Property profile

311 Main St Biddeford, ME 04005

Investment properties
Property ID
US42-0016335
View Sample
6,090 SF 0.07 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional two-story commercial building, located at 311 Main Street in Biddeford, Maine, presents a unique investment opportunity. Built in 1900, this charming property boasts 9,975 square feet of space, ideally suited for multiple tenants. The building's traditional office subtype is complemented by its versatile zoning (MSRD1), allowing for a range of commercial uses. Situated on a 0.07-acre lot, the property offers convenient access to downtown Biddeford. The single building comprises two stories, providing ample space for various business needs. The property's address is 311 Main Street, Biddeford, ME 04005, and its location is further identified by APN Map 38, Lot 143, within York County. This historic building offers a blend of character and functionality, making it an attractive prospect for businesses seeking a prominent location in a vibrant Maine community. The property type is categorized as Retail, Office, and Restaurant, reflecting its adaptability to diverse commercial ventures. The multiple tenancy option allows for flexibility in leasing arrangements, catering to various business sizes and requirements. This is a rare opportunity to acquire a well-located, historically significant commercial property in a thriving area. The property's age and architectural style contribute to its unique appeal, while its size and zoning provide considerable versatility for future development or adaptation.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,090 SF
Lot 0.07 ac (3,049 SF)
Zoning code MSRD1
APN BIDD M:38 L:143
UPID US42-0016335

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$745k

Owner & transaction history

since 2024
Last sale
$743,893
7 recorded transactions
2024
$743,893
2020
Price N/A
2017
Price N/A
2016
Price N/A
2012
Price N/A
2010
Price N/A
2005
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
Office building $1.2M +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
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message