311 Main StBiddeford, ME 04005

Property Details for 311 Main St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

6,090 SF

Zone code

MSRD1

Property type

Investment properties

Property subtype

Live-work space

APN

BIDD M:38 L:143

APU

BIDDM38L143

Description

This exceptional two-story commercial building, located at 311 Main Street in Biddeford, Maine, presents a unique investment opportunity. Built in 1900, this charming property boasts 9,975 square feet of space, ideally suited for multiple tenants. The building's traditional office subtype is complemented by its versatile zoning (MSRD1), allowing for a range of commercial uses. Situated on a 0.07-acre lot, the property offers convenient access to downtown Biddeford. The single building comprises two stories, providing ample space for various business needs. The property's address is 311 Main Street, Biddeford, ME 04005, and its location is further identified by APN Map 38, Lot 143, within York County. This historic building offers a blend of character and functionality, making it an attractive prospect for businesses seeking a prominent location in a vibrant Maine community. The property type is categorized as Retail, Office, and Restaurant, reflecting its adaptability to diverse commercial ventures. The multiple tenancy option allows for flexibility in leasing arrangements, catering to various business sizes and requirements. This is a rare opportunity to acquire a well-located, historically significant commercial property in a thriving area. The property's age and architectural style contribute to its unique appeal, while its size and zoning provide considerable versatility for future development or adaptation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,006,859

  6.5%

  $929,408

  7%

  $863,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $795,719

  Geo Method

  $795,719

• Alternative Use

  Use

  Valuation

  Residential

  $1,152,466

  Hospitality

  $1,055,653

  Educational

  $878,291

  Medical

  $908,497

  Retail

  $1,366,230

Location Insight

City

Biddeford

County

York

State

Maine

Latitude

43.4943

Longitude

-70.4592

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].