For Sale Commercial MLS# 1658022

11 Elm Street

Biddeford, ME 04005

$995,000

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Listing Office

Officemaine_real_estate_information_system_inc_statewide_mls logoColdwell Banker Realty

About 11 Elm Street

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.

Property details

Property

Type
commercial
Year built
1972
Living area
3,935 sqft
Price / sqft
$253
Lot
0.56 ac
List date
Apr 16, 2026

Schools

District
Biddeford

Location

School district
Biddeford

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.