585 Elm StBiddeford, ME 04005

Property Details for 585 Elm St

Year built

1985

Construction

STEEL FRAME

Lot size

2.52 AC

Property size (Sq ft)

6,120 SF

Zone code

B2

Property type

Warehouses

APN

BIDD M:13 L:40

APU

BIDDM13L40

Description

This exceptional investment opportunity presents two Class A industrial buildings totaling 9,960 square feet situated on a 2.52-acre lot in Biddeford, Maine. The property, located at 585 Elm Street (zip code 04005), is zoned B2 and features two separate buildings, each two stories high. The asking price for the real estate is $2,300,000, translating to a price per square foot of $230.92 and a price per unit of $1,150,000. The property's versatile nature allows for use as distribution, flex, or warehouse space, catering to a wide range of business needs. The buildings are currently occupied by an established industrial hardware distributor, operating successfully since 1978, with approximately $2,000,000 worth of inventory available for separate purchase. This presents a unique chance to acquire both a profitable, established business and a prime industrial property in a desirable location. The property's size and zoning offer significant potential for expansion or redevelopment, making it an attractive investment for both seasoned investors and those seeking a diversified portfolio. This is a rare opportunity to acquire a turnkey operation with significant upside potential. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $1,158,143

  Hospitality

  $1,060,853

  Educational

  $882,617

  Medical

  $912,972

  Retail

  $1,372,960

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.4669

Longitude

-70.4863

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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