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: |
$2,995,000 |
| Unit Price: |
$503.11 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Auction Type: |
Undisclosed Reserve |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/18/2023 |
Overview / Comments
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.
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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 |
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 |
|
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