Technical
Financial
Distress signals
Property profile

66 Andrews Rd Biddeford, ME 04005

OFF-MARKET
Warehouses
Property ID
US42-0508474
11,700 SF 16 ac lot Built 1993
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 11,700 square foot industrial building presents a compelling investment opportunity. Located at 66 Andrews Road, Biddeford, ME, this property boasts a prime location just off Route 111, offering convenient access to major transportation routes. The building sits on a substantial 16-acre lot, providing extensive outdoor storage space, a significant advantage for various industrial operations. The property features multiple overhead garage doors and loading docks, facilitating efficient material handling and logistics. Well-appointed office spaces are also included, catering to administrative needs. Currently, two bays are under lease, generating a consistent income stream. This existing rental income offers the potential to offset expenses for an owner-occupant, enhancing the overall return on investment. The property's versatility allows for a wide range of potential uses, making it an attractive option for businesses seeking a spacious and functional workspace. Furthermore, an additional 35-acre parcel is available for purchase, presenting an opportunity to expand operations or develop further. Owner financing may be available for this additional parcel, providing flexible acquisition options. This property is priced at $1,490,000 and represents a rare opportunity to acquire a substantial industrial property with significant growth potential in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Construction STEEL FRAME
Total area 11,700 SF
Lot 16 ac (696,960 SF)
Zoning code LR-F
APN BIDD M:1 L:75-1
UPID US42-0508474

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
  • Auto Repair Shop
  • Waste Management Facility

Location

66 Andrews Rd Biddeford, ME 04005-9426
Biddeford metro Census 25100 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Zoning & alternative use

LR-F · Biddeford, ME

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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