Generational Opportunity - Kennebunkport Waterfront/Dock Square Retail

Retail-Commercial for Sale
Catylist Listing ID: 30814944
Property Subtypes: Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 5,953 SF
Gross Land Area: 0.19 Acres
Sale Price: $3,750,000
Unit Price: $629.93 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/6/2022

Overview / Comments

The Boulos Company is pleased to present a generational opportunity to acquire waterfront property in the heart of Dock Square in Kennebunkport, Maine. Last sold over 50 years ago, this quintessential property has the best location on the Square, sitting just over the Kennebunk River.

29 Dock Square consists of a primarily single-story structure with a small office and additional storage on the second floor. It is anchored by the award-winning Hurricane restaurant along with a nice assortment of smaller retail establishments. Demand for space in this location is incredibly high, and the property has a consistent backlog of potential tenants.

29 Dock Square benefits from very high foot traffic combined with beautiful views of the waterfront and convenient municipal parking. It is a stable asset providing notable rental upside as well as some creative expansion potential.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31120_11-2-1
Zoning: SHORELAND GENERAL DEVELOPMENT
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Spring Street
Highway Access: US Rout 1, I-95
Airports: Portland International Jetport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1894
Parking Description: One (1) designated parking spot/municipal parking available.
Sprinklers: Other
Zoning Description: Shoreland General Development
Lot Frontage: 100
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,960 5,120 13,417
Median Age: 55.52 53.55 51.89
Households: 909 2,391 6,128

Contact

Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
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