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Property profile & analytics
FOR SALE
Investment properties

311 Main St Biddeford, ME 04005-2412

6,090 SF 0.07 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US42-0016335
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
Implied cap rate, NOI & suggested price
Cap 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
Oob 10 LLC · 2 yrs held
Oob 10 LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 ] MSRD-1: The commercial core district where the intent is to preserve the historic character of Biddeford while promoting the growth of busin…

Zone name Main Street Revitalization District Commercial Core
General category COMMERCIAL
Zone area 51.91 ac
Top alternative use upside
Office building $1.2M +35.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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