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Property profile & analytics
OFF-MARKET
Warehouses

66 Andrews Rd Biddeford, ME 04005-9426

11,700 SF 16 ac lot Built 1993
Entity Owned 7-yr Hold Free & Clear
Property ID
US42-0508474
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • HZ Auto Auto Repair Shop
  • Casella Waste Systems Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
A TO Z ENTERPRISES INC
A TO Z ENTERPRISES INC
Zoning & alternative use
LR-F · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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