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

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].