66 Andrews RdBiddeford, ME 04005

Property Details for 66 Andrews Rd

Year built

1993

Construction

STEEL FRAME

Lot size

16.00 AC

Property size (Sq ft)

11,700 SF

Zone code

LR-F

Property type

Industrial properties

Property subtype

Other warehouses

APN

BIDD M:1 L:75-1

APU

BIDDM1L751

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,214,098

  Hospitality

  $2,028,102

  Educational

  $1,687,357

  Medical

  $1,745,388

  Retail

  $2,624,777

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.4847

Longitude

-70.5248

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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