8 Pomerleau Street

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30868334
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Other
Building Size (RSF): 13,942 SF
Gross Land Area: 1.09 Acres
Sale Price: $1,400,000
Unit Price: $100.42 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 8 Pomerleau Street
Class of Space: Class B
Usable Size (USF): 13,942 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2024

Overview / Comments

HERE'S THE BARGAIN YOU'VE BEEN LOOKING FOR: 100% OCCUPIED FLEX BUILDING SELLING SIGNIFICANTLY BELOW REPLACEMENT VALUE

Recent improvements by seller include new 55,000 kw solar system, upgraded HVAC and air exchangers, LED light package. Room for expansion. 60 parking spaces. 7,000+/- sq ft vacancy as of April 1, 2025

Located in the thriving Route 111 business corridor, next to Southern Maine Medical Center, municipal bus stop, YMCA, Ice Arena, and 1/4 mile from Turnpike Exit 32

Great opportunity for a 1031 exchange, value-add investor, or owner user

Signed Confidentiality Agreement required prior to showing

PRICED TO SELL

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Biddeford
Tax ID/APN: 2/86/2
Zoning: I3
Property Located Between: Arena Drive and Turnpike Exit 32
Property Visibility: Excellent
Highway Access: 8 Pomerleau is directly off from Route 111, and 1/4 mile from Maine Turnpike Exit 32, and nearby US Route 1
Airports: Nearby
Site Description: Paved for parking
Area Description: A vibrant section of Biddeford, anchored by Southern Maine Health Care, the Biddeford Ice Arena, and many established service, retail and food businesses. Excellent property for a growing workforce commuting from proximate municipalities throughout Southern Maine and Greater Portland. With its many recent improvements this property is ready to catch the upswing of the growing demand in the Biddeford market
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1985
Year Renovated: 2022
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Metal
Parking Type: Surface
Parking Description: Abundant surface parking adjacent to the building
Total Parking Spaces: 60
Sprinklers: None
Heat Type: Electricity, Propane
Heat Source: Central, Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Pleasant, sunny space with natural light, open areas and high ceilings. Move-in condition with fabulous flexibility for a wide variety of uses
Zoning Description: Flexible
Water Service: Municipal
Sewer Type: Municipal
Legal Description: York County Registry of Deeds Book 19012 Page 39

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,205 28,023 47,387
Median Age: 46.58 39.46 41.95
Households: 1,440 12,041 20,197

Contact

Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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