432 Elm Biddeford

Industrial for Sale
Catylist Listing ID: 30778442
Property Subtypes: Flex Space, Light Industrial, Warehouse/Distribution
Building Size (RSF): 26,442 SF
Gross Land Area: 5 Acres
Sale Price: $3,200,000
Unit Price: $121.02 PSF
Ceiling: 20 ft.
Docks/Doors: 2 Docks, 9 Doors
Office SF: 6,000 SF
Drive In Bays: 5 Bays
Property Use Type: Investment
Building Name: 432 Elm Street
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 1/18/2022

Overview / Comments

Superlative, fully occupied light industrial property on 5 acres. Location, location, location. One level 26,000 +/- sq ft brick and block building. 12 Light industrial and office tenants. Outside storage. Parking for 180 - 200 cars. New 30 year roof. Further development potential.

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: York
Taxing Authority: City of Biddeford
Tax ID/APN: 0200010000
Zoning: B-2 (INDUSTRIAL USES ALLOWED)
Property Located Between: Biddeford Connector and 5 Points on Elm Street
Highway Access: 1 mile
Airports: Biddeford Municipal Airport
Site Description: Level Lot
Area Description: Retail and Light Industrial.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,000 SF
Property Condition: Good
Year Built: 1962
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick facade facing Elm Street, and industrial block construction. NEW 30 YEAR ROOF
Parking Ratio: 6 (per 1000 SF)
Parking Type: Surface
Parking Description: 150 to 200 cars. Fenced outdoor storage areas.
Total Parking Spaces: 200
Eave Height: 14
Column Spacing: 20
Sprinklers: Wet
Amps: 400
Heat Type: Electricity, Propane
Heat Source: Central, Ceiling Units
Air Conditioning: Window Unit
Lighting: LED, Fluorescent
Internet Access: Cable
Interior Description: 12 to 14 Tenant spaces, all configured for individual Tenant use.
Zoning Description: B2 zoning allows flexible uses. Part of the property may have different zoning.
Lot Frontage: 400
Lot Depth: 500
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements: Electric Lines
Easements Description: CMP easement for Electric lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,010 28,023 46,557
Median Age: 41.42 39.46 42.43
Households: 3,241 12,041 20,375

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