457 Alfred St Biddeford, ME 04005
For Sale
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This exceptional 0.64-acre development opportunity is located at 457 Alfred Street in Biddeford, Maine, zip code 04005. The property, currently zoned Industrial 3 (I-3), offers significant potential for retail development. With a flexible square footage ranging from 3,000 to 6,000 square feet, this site allows for a variety of development options to suit diverse business needs. Its prime location on Biddeford's Route 111 retail corridor ensures high visibility and accessibility, benefiting from an average daily traffic count of approximately 30,000 vehicles. The property boasts excellent signage opportunities at the well-lit intersection of West Cole Road and Route 111, providing exceptional exposure to potential customers. This offering presents a rare chance to acquire a strategically positioned retail development site in a thriving Maine market. The asking price for this remarkable property is $500,000. The current owner is Five Star Holdings, LLC.
Is a gateway zone for a major entrance to the City, as such, appearance of structures and properties is a major consideration in the Planning Boards review process, Land use proposals in this area must meet more stringent design and landscaping standards, facades of new or rehabilitated structures shall be of brick or stone, other materials may be considered…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I3 · Biddeford, MEIs a gateway zone for a major entrance to the City, as such, appearance of structures and properties is a major consideration in the Planning Boards review process, Land use proposals in this area must meet more stringent design and landscaping standards, facades of new or rehabilitated structures shall be of brick or stone, other materials may be considered on a case-by-case basis, residential styled structures may be allowed on a case-by-case basis, The general zone allows a mixture of commercial and industrial uses, Exterior storage and display is prohibited except on those parcels of land that abut Pomerleau Street but do not abut either Barra Road or Alfred street (Route 111)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
