Catylist ID:
#30868334
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: | 4/17/2024 |
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 |
Attachments & Media
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 |
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
Roxane A. ColeRoxane Cole Commercial Real Estate, LLCNECPE Member |
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