Unit 1A - 518 US-1, Kittery, ME
Office
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30861534 |
| Property Subtypes: |
Mixed Use, Office Building
|
| Condo? |
Yes |
| Building Size (RSF): |
1,257 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$249,000 |
| Ceiling: |
8 ft. |
| Property Use Type: |
Investment |
| Building Name: |
Lanmark Hill Square |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.54% |
| Last Updated: |
4/25/2024 |
Overview / Comments
|
This condo was recently renovated and shows pride of ownership - it is very well maintained. There's plenty of parking available for tenants and guests. This office space is excellent for a user needing a small space with several offices, reception, and conference room. It has a prime location, with excellent visibility right on Route 1.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Taxing Authority: |
Kittery |
| Tax ID/APN: |
105739 |
| Is Condo?: |
Yes |
| Zoning: |
MIXED USE |
| Property Visibility: |
Excellent |
| Highway Access: |
Along US Route 1 |
| Airports: |
Pease International Airport |
| Site Description: |
Fully developed site, with mixed use of offices/retail and condominium homes. More than adequate parking available. This is a prime location with excellent visibility on Route 1 in Kittery. The property is 5 minutes away from the outlets, on a high traffic count, secondary highway with over 17,000 vehicles per day. It is in an area of growth, very close to the York town line. There are a number of both commercial and residential developments close by. It has ease of access coming south from York, or North from Kittery. The site is very clear, with close access to Route 95 and within a 10 minute commute of Portsmouth, NH, and 10 minutes to the Portsmouth Naval Shipyard. |
| Area Description: |
Seacoast ME, the heart the Maine and NH seacoast area. Route 1 is a combination of residential and commercial from the NH border up through to Portland. This site is on the York and Kittery border. |
| Number of Stories: |
2 |
| Year Built: |
1989 |
| Year Renovated: |
2019 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Plenty of windows, vinyl clapboard sided, multi story with gable roofs |
| Parking Type: |
Surface |
| Parking Description: |
Adequate parking on the upper side of the property. Surface parking well marked. |
| Heat Type: |
Propane |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Interior Description: |
Clean, recently renovated with tastefully decorated interior. Mixture of vinyl plank and carpet. |
| Zoning Description: |
Mixed Use |
| Lot Frontage: |
400 |
| Lot Depth: |
varied |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
See site plan |
| Land Ownership: |
Condominium |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
960 |
11,106 |
35,725 |
| Median Age: |
42.61 |
43.46 |
43.99 |
| Households: |
388 |
4,740 |
16,463 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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