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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.
Full Property Details
Full Property Details for 11 Elm St
General
- Price: $1,250,000
- Taxes: $7,548 (2026)
- Status: Active
- Type: Retail
- Source: MREIS
- MLS ID: 1658022
- Updated: Today (4/16/2026)
- Added to Site: Today
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Development, Freestand
Interior
- Flooring: Vinyl, Carpet
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: York
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Siding
- Roof: Pitched, Shingle
- Building Size: 3935
- Square Feet: 3,935
- Living Area: 3,935 Sq. Ft.
- Year Built: 1972
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,393.6
- Zoning: B1
- Lot Description: Waterfront, Water View, Public Transport Access, Near Turnpike/Interstate, Downtown, Business District, Bus Line
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $7,548
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 2
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 11 Elm St
School District:Biddeford
| Name | Grades | Distance |
|---|---|---|
John F Kennedy Memorial School 64 West Street, Biddeford, ME 04005 | PK-K | 1.5 mi |
Biddeford Primary School 320 Hill Street, Biddeford, ME 04005 | 1-3 | 1.7 mi |
Biddeford Middle School 25 Tiger Drive, Biddeford, ME 04005 | 6-8 | 1.8 mi |
Biddeford High School 20 Maplewood Avenue, Biddeford, ME 04005 | 9-12 | 1 mi |
Biddeford Intermediate School 335 Hill Street, Biddeford, ME 04005 | 4-5 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11 Elm St
Date
Details
Price
Change
Source
4/16/2026
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 11 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,548
7%
$505,200
1%
2024
$7,080
8%
$497,900
—
2023
$6,532
-1%
$497,900
24%
2022
$6,605
-10%
$402,500
—
2021
$7,338
—
$402,500
4%
2021
$7,338
-6%
$388,700
—
2019
$7,766
1%
$388,700
—
2018
$7,657
-2%
$388,700
—
2017
$7,801
4%
$388,700
3%
2016
$7,483
2%
$376,800
—
2015
$7,336
3%
$376,800
—
2014
$7,155
12%
$376,800
4%
2013
$6,374
—
$363,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 11 Elm St
11 Elm Street, Biddeford, ME 04005 (MLS# 1658022) is a Retail property. 11 Elm Street is currently listed for $1,250,000 and was received on April 16, 2026. This property is listed by Steve Liautaud from our Saco Office.Want to learn more about 11 Elm Street? Do you have questions about finding other Retail real estate for sale in Biddeford? You can browse all Biddeford real estate or contact a Coldwell Banker agent to request more information.


