163 Main StBiddeford, ME 04005

Property Details for 163 Main St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

12,408 SF

Zone code

MSRD1

Property type

Retail properties

Property subtype

Banks

APN

BIDD M:38 L:351

APU

BIDDM38L351

Description

This exceptional mixed-use investment opportunity encompasses two buildings totaling 18,828 square feet situated on a 0.34-acre lot in the heart of Biddeford, Maine. The property, located at 163 Main Street (and including 60 Washington Street), consists of a main 18,612 square foot building and a smaller 216 square foot structure with approximately eight parking spaces. Built in 1874 and 1980, these buildings offer a unique blend of historic charm and modern potential. The main building provides ample space for retail and office uses, while the smaller building currently houses a drive-up ATM. The property boasts a highly visible location in downtown Biddeford, directly across from the Pepperell Mill, ensuring high foot traffic and excellent exposure. Zoned MSRD1, this property presents a rare opportunity for redevelopment, particularly given its eligibility for Historic Tax Credit Renovation. The asking price is $1,100,000, translating to $58.42 per square foot. The property's APN is Map 38, Lot 351 and Lot 345. This is a remarkable chance to acquire a significant piece of Biddeford's vibrant downtown area. Don't miss this chance to own a piece of history with immense potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,015,577

  6.5%

  $2,783,610

  7%

  $2,584,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,085,498

  Geo Method

  $4,085,498

• Alternative Use

  Use

  Valuation

  Residential

  $2,348,079

  Hospitality

  $2,150,828

  Educational

  $1,789,463

  Medical

  $1,851,006

  Retail

  $2,783,610

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.493

Longitude

-70.4549

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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