11 Elm St
Biddeford, ME 04005
Retail Property For Sale

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.