Biddeford Commercial Office Building

Office for Sale
Catylist Listing ID: 30052620
Property Subtypes: Mixed Use, Net Leased, Office Building, Other
Building Size (RSF): 4,528 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $294,900
Unit Price: $65.13 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/11/2017

Overview / Comments

Attractive, 4528 SF office condominium building with two units on well-traveled road offers great visibility; convenient location near I-95, Route 1 and shopping centers; and plenty of on-site parking. Attorney using units B and C, which includes reception area, waiting area, large conference room and office space on the second floor. State Farm is leasing the adjoining unit (Unit A). Condominium units are also available for individual sale.

Attachments & Media

Current Tenants

Tenant Business Name State Farm Insurance
Industry Type Finance and Insurance
Is Renting? Yes
Annual Revenue $11,376 (Annual)
Suite Number 2
SF of Space Occupied 1,632 SF
Current Rent $948 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31050_28-72-2
Zoning: OR
Property Visibility: Excellent
Highway Access: Easy access to Route 1 and I-95 (Maine Turnpike)
Airports: Biddeford Municipal Airport, Portland International Jetport
Site Description: Flat, level, paved
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1977
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Colonial-style building with vinyl siding
Parking Type: Surface
Parking Description: Ample, paved on-site parking
Heat Type: Propane, Oil
Air Conditioning: Engineered System
Zoning Description: OR
Lot Frontage: 171
Lot Depth: 112
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,098 30,996 50,309
Median Age: 37.86 40.29 41.35
Households: 4,976 13,157 21,431
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