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Listed by Steven Liautaud Coldwell Banker Realty
$ 1,150,000
Est. payment /mo
Active
11 Elm ST Biddeford, ME 04005
3,935 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,935 sqft
Price per Sqft $292
MLS Listing ID 1658022
HOA Y/N No
Year Built 1972
Tax Year 2026
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Retail
Source Maine Listings
Land Area 3935
Property Description
Rare 3,959± SF Free-Standing Restaurant Opportunity - Biddeford, Maine.
Positioned in one of southern Maine's fastest-growing markets, this 3,959± SF free-standing building offers a unique opportunity on sought-after Elm Street in Biddeford. Ideally located on Spring Island with frontage along the scenic Saco River, the property was formerly home to the well-known Koi Restaurant and is primed for a new concept to capitalize on its exceptional setting.
The site benefits from strong visibility with approximately 12,400 vehicles per day and features a large on-site parking lot, suitable for high-volume dining or potential drive-thru use.
This location sits at the center of a rapidly evolving district, surrounded by major redevelopment and investment, including:
• Pepperell Mill Campus - a transformative mixed-use redevelopment with residential, office, and retail
• Lincoln Mill - repositioned into modern residential and commercial space
• Riverdam Mill - continued adaptive reuse adding housing and businesses
• Biddeford Main Street Revitalization - ongoing streetscape and business growth initiative
• The Levee Development - new mixed-use riverfront investment bringing increased foot traffic.
With a combination of riverfront appeal, strong traffic counts, ample parking, and proximity to significant redevelopment, this property presents an outstanding opportunity for restaurateurs or investors looking to establish a presence in one of Maine's most dynamic growth markets.
Positioned in one of southern Maine's fastest-growing markets, this 3,959± SF free-standing building offers a unique opportunity on sought-after Elm Street in Biddeford. Ideally located on Spring Island with frontage along the scenic Saco River, the property was formerly home to the well-known Koi Restaurant and is primed for a new concept to capitalize on its exceptional setting.
The site benefits from strong visibility with approximately 12,400 vehicles per day and features a large on-site parking lot, suitable for high-volume dining or potential drive-thru use.
This location sits at the center of a rapidly evolving district, surrounded by major redevelopment and investment, including:
• Pepperell Mill Campus - a transformative mixed-use redevelopment with residential, office, and retail
• Lincoln Mill - repositioned into modern residential and commercial space
• Riverdam Mill - continued adaptive reuse adding housing and businesses
• Biddeford Main Street Revitalization - ongoing streetscape and business growth initiative
• The Levee Development - new mixed-use riverfront investment bringing increased foot traffic.
With a combination of riverfront appeal, strong traffic counts, ample parking, and proximity to significant redevelopment, this property presents an outstanding opportunity for restaurateurs or investors looking to establish a presence in one of Maine's most dynamic growth markets.
Location
State ME
County York
Zoning B1
Interior
Heating Oil, Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Exterior
Parking Features 21+ Spaces, On Site, Paved
Roof Type Pitched,Shingle
Building
Lot Description Business District
Foundation Poured Concrete
Water Public
Others
Tax ID BIDD-000040-000000-000052-000002
Nearby Locations
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Gina Lindsay
Broker Associate | License ID: BA926616
+1(207) 356-9606 | ginalindsayrealtor@gmail.com