24 Cole RdBiddeford, ME 04005

Property Details for 24 Cole Rd

Year built

1986

Lot size

0.38 AC

Property size (Sq ft)

2,850 SF

Zone code

M

Property type

Office properties

Property subtype

Other office properties

APN

BIDD M:17 L:22-4

APU

BIDDM17L224

Description

This single-story, 3,252 square foot office building at 24 West Cole Road in Biddeford, Maine, presents a unique investment opportunity. Situated on a 0.4-acre lot, the property boasts a flexible layout suitable for traditional office, medical office, or coworking spaces. Built in 1986, the building features a single-phase, 100-amp electrical system. The zoning is designated as Medical, offering potential for a variety of healthcare-related businesses. The property's address is 24 W Cole Rd, Biddeford, ME 04005, and its location is further identified by APN Map 17, Block 2 & 3, Lot 22, within York County. The building is comprised of one structure with multiple tenancies, providing ample space for diverse business needs. This property offers a compelling combination of location, versatility, and potential for significant return on investment. Its adaptable design and prime location make it an attractive option for entrepreneurs, established businesses, and investors seeking a foothold in the thriving Biddeford market. The property's single-story design offers easy accessibility and efficient use of space. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $471,190

  6.5%

  $434,945

  7%

  $403,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,381

  Geo Method

  $372,381

• Alternative Use

  Use

  Valuation

  Residential

  $539,332

  Hospitality

  $494,025

  Educational

  $411,023

  Medical

  $425,158

  Retail

  $639,369

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.478

Longitude

-70.4873

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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