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31274316
31274317

408 Elm St, Biddeford, ME 04005 For Sale

Magnusson Balfour Commercial
KB
Maine BR918896
KW Commercial Greater Portland
Listed by Magnusson Balfour Commercial, KW Commercial Greater Portland
$599,000
115 days on market
Updated 1 day ago

NEW PRICE: 408 Elm Street

Details
APN 20/7
Property Type Retail
Sub Type Convenience Store
Square Footage 1,650
Tenancy Vacant
Price per SqFt $363
Year Built 1950
Buildings 1
Stories 1
Acreage 0.220
Zoning B2 - Highway Business
Parking Spaces 8 spaces
Parking per 1,000 SqFt 4.85
Ground Lease No

Retail | 1,650 SqFt

Marketing description

This 1,650± SF retail building presents a compelling opportunity for an owner-user or tenant seeking to establish a presence in Biddeford’s growing commercial corridor. Situated on 0.22± acres with a small on-site parking footprint, the property is ideally located just 2 miles from the Maine Turnpike, offering convenient regional access and strong visibility potential. Formerly operated as a convenience store with fuel service, the building is positioned within the B-2 Highway Business zone—makes it well-suited for a variety of concepts*.

Offered as a true value-add opportunity, this “diamond in the rough” provides a blank canvas for a new owner or tenant to bring their vision to life. Existing infrastructure includes wall-mounted coolers and a small kitchen area, offering a head start for food-related or retail operations. All other remaining furniture, fixtures, and equipment will be removed prior to occupancy.

*Prospective buyers and tenants are encouraged to consult directly with the City of Biddeford to confirm specific permitted uses and explore redevelopment potential and/or underground tank use.

Investment highlights

  • AVAILABLE FOR SALE OR LEASE
  • PRIME LOCATION ALONG BUSY CORRIDOR
  • RETAIL SPACE WITH SMALL KITCHEN AREA
  • VALUE ADD RETAIL REDEVELOPMENT OPPORTUNITY AWAITING NEW VISION

Listing Contacts

Magnusson Balfour Commercial
KB
Maine BR918896
KW Commercial Greater Portland
Listed by Magnusson Balfour Commercial, KW Commercial Greater Portland

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Additional Information

Name
Zachary Resnikoff
License
BA928884
Brokerage
Keller Williams Realty
Brokerage Phone
2076069665
Title
Associate
Brokerage Address
50 Sewall Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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