585 Elm St Biddeford, ME 04005-4324
- Warehouses
- 6,120 SF
- 2.52 lot acres
Current Use by Public Records
- Industrial Hardware / Hardware Store
Property Details for 585 Elm St
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 2.52 lot acres
- Property size
- 6,120 SF
- Zone code
- B2
- Property type
- Warehouses
- APN
- BIDD M:13 L:40
- APU
- BIDDM13L40
Description
This exceptional investment opportunity presents two Class A industrial buildings totaling 9,960 square feet situated on a 2.52-acre lot in Biddeford, Maine. The property, located at 585 Elm Street (zip code 04005), is zoned B2 and features two separate buildings, each two stories high. The asking price for the real estate is $2,300,000, translating to a price per square foot of $230.92 and a price per unit of $1,150,000. The property's versatile nature allows for use as distribution, flex, or warehouse space, catering to a wide range of business needs. The buildings are currently occupied by an established industrial hardware distributor, operating successfully since 1978, with approximately $2,000,000 worth of inventory available for separate purchase. This presents a unique chance to acquire both a profitable, established business and a prime industrial property in a desirable location. The property's size and zoning offer significant potential for expansion or redevelopment, making it an attractive investment for both seasoned investors and those seeking a diversified portfolio. This is a rare opportunity to acquire a turnkey operation with significant upside potential. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.4863
- Latitude
- 43.4669
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
