Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Waste Management Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LR-F · Biddeford, MEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for LR-F in Biddeford, ME.
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