649 Elm Street - Biddeford, ME - Versatile Commercial Property

Industrial for Sale
Also listed as Special Purpose, Retail-Commercial
Catylist Listing ID: 30700900
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 4,900 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $132.65 PSF
Ceiling: 12 ft. Clear
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/3/2021

Overview / Comments

Attractive And Well-Maintained Multi-Functional Building On Route 1 In Biddeford.

Located Within The I-1 Industrial Zone Allowing For A Wide Variety Of Uses.

4,900 SF Building With Approximately 62 Striped Parking Spaces On 2.19 Acres Of Land

Highly Visible On Elm Street (Route 1) With Great Signage.

Public Water & Sewer

Rare Find In Today's Market Environment

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $7,600 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 15-3-1
Zoning: I-1
Property Located Between: Biddeford and Arundel
Highway Access: I-95 is in very close proximity to this building via the Biddeford Connector.
Site Description: level lot with a well-maintained parking surface and a nicely manicured lawn
Area Description: Busy throughway of Route 1 connecting Biddeford to Arundel and close access to I-95. I-1 zone allows for a variety of uses.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,900 SF
Property Condition: Excellent
Year Built: 1985
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Parking Ratio: 12.5 (per 1000 SF)
Parking Type: Surface
Parking Description: well maintained, striped parking offering about 62 spaces with potential to expand depending on City approvals.
Total Parking Spaces: 62
Sprinklers: None
Heat Type: Propane, Hot Water
Zoning Description: I-1 Zone. See Zoning Ordinance and be sure to confirm for yourself.
Lot Frontage: 230±
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,372 23,867 42,881
Median Age: 44.81 39.31 42.53
Households: 570 10,249 18,639

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