Ideal Live-Work Opportunity

Retail-Commercial for Sale
Sale Pending
Also listed as Multi-Family, Special Purpose
Catylist Listing ID: 30819501
Property Subtypes: Free-Standing Building, Mixed Use, Other
Status: Pending
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $2,350,000
Unit Price: $559.52 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2023

Overview / Comments

45 Ocean Avenue provides a rare opportunity to acquire a unique and irreplaceable property in the heart of desirable Kennebunkport, Maine.

The property consists of a two-story, 4,200± SF building located on a 0.24± acre parcel that includes roughly 10± on-site parking spaces and offers ultimate future flexibility. The second floor is a 3-bedroom, 2.5-bath apartment that can be delivered fully furnished.

The property is suitable for an investor interested in re-tenanting the property, or for an owner-user looking to capitalize on the busy Kennebunkport tourist community. The building features infrastructure for a high-end boutique and an incoming salon user.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Submarket/Township: Kennebunk/Kennebunkport
Submarket Type: Central Business District
Taxing Authority: Town of Kennebunkport
Tax ID/APN: 31120_10-1-8
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 110
Highway Access: Not far from the Maine Mall
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1920
Total Parking Spaces: 10
Parking Type: Surface
Zoning Description: Riverfront
Lot Frontage: 110
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 12448/0158

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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


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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