Investment Opportunity-Main Street Kennebunk

Office for Sale
Catylist Listing ID: 30562278
Property Subtypes: Office Building, General
Building Size (RSF): 4,410 SF
Gross Building Area: 6,510 SF
Gross Land Area: 0.09 Acres
Sale Price: $650,000
Unit Price: $147.39 PSF
Ceiling: 7 ft.
Property Use Type: Investment
Building Name: 19 Main St
Class of Space: Class B
Usable Size (USF): 4,410 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/22/2022

Overview / Comments

In the heart of downtown Kennebunk, great street views, nicely appointed with historic charm, built-in cabinetry and shelving. Fully leased, 5 tenants, street parking and ample shared parking lot behind building.Close to corner intersection with traffic light and cross walk.Great area amenities, including Chamber of Commerce, Rotary park, restaurants, coffee shops, boutique retail, and convenience stores.
Financials upon request and NDA signing.

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: York
Taxing Authority: Kennebunk
Tax ID/APN: 051-159
Property Located Between: Storer Street and Water Street
Property Visibility: Excellent
Highway Access: Kennebunk Exit 1 mile Biddeford Exit 10 min Wells exit 10 min
Airports: Portland International Jetport approx 25 minutes
Site Description: Parking: Street and in an abutting municipal maintained parking lot HVAC
Area Description: Desirable downtown business area with banks, boutique shops, restaurants and cafes.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,800 SF
Year Built: 1900
Year Renovated: 2015
Roof Type: Arched
Construction/Siding: Aluminum Siding
Exterior Description: Well maintained, flower planters along well utilized sidewalk
Parking Type: Surface
Parking Description: street side parking and an adjacent shared parking lot behind building at rear entrance to building
Sprinklers: None
Heat Type: Oil
Heat Source: Baseboard
Air Conditioning: Window Unit
Interior Description: Bright, natural light, well appointed and maintained.
Zoning Description: Office building
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: MBLU 051/159

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,102 12,056 20,033
Median Age: 49.79 49.34 48.15
Households: 1,503 5,332 8,538


Photograph of Listing Agent

Suzanne M. McKechnie

Investcomm Commercial Group
NECPE Member
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