81 Western Avenue, Kennebunk
Retail-Commercial
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: |
30634927 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
16,060 SF
|
| Gross Land Area: |
3.29 Acres
|
| Sale Price: |
$2,400,000 |
| Unit Price: |
$149.44 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Antiques on Nine |
| Usable Size (USF): |
16,060 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/18/2021 |
Overview / Comments
|
81 Western Avenue consists of Antiques on Nine, a very successful decorator and trendy antiques shop, along with a newly renovated charming 3BR/2BA, 1,188+/- square foot successful rental house - both located on 1.5+/- acres. Adjacent 79 Western Avenue (Cabins on Nine, LLC) consists of four recently built rental cottages, four rustic Maine rental cabins, a rental house - that also contains a 1-bedroom rental apartment, for a total of ten income-producing rental units on Cabins on Nine, LLC. The adjacent properties combine into a spectacular income producing or lifestyle business offering that is located within walking distance to Kennebunk beach and Dock Square, Kennebunkport. Possibilities abound from living in one of the houses and collecting rental income from the rest of the rental properties, to securing a place for your family to enjoy life in Maine with separate free-standing dwelling units to rent and/or occupy. The dwellings have strong rental history through Air BnB, as well as year-round rentals and seasonal rentals. Two parcels are combined into this one acquisition, though each of the two properties is available to purchase on its own. Striking Antiques on Nine - Antiques and Decorator shop - completes this incredible opportunity to live and work in Maine with it's current use, or for additional income by using the building for a different owner/user business, or for additional rental income from the rustic-chic 9,348+/- retail shop. This is a one-of-a-kind opportunity in the widely acclaimed Kennebunkport area. Call Broker for additional information.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Taxing Authority: |
Kennebunk |
| Tax ID/APN: |
Map 90/Lot 12 & 39 |
| Zoning: |
SUBURBAN RESIDENTIAL |
| Retail Clientele: |
General, Family, Traveler, Recreation |
| Property Located Between: |
Dock Square Kennebunkport and Beaches |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Route 9 |
| Area Description: |
Located on Western Avenue, Kennebunk (Route 9) walking distance to Dock Square, Kennebunkport, and to the beach. |
| Lot Frontage: |
202 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
825 |
4,571 |
14,364 |
| Median Age: |
59.72 |
52.86 |
51.86 |
| Households: |
392 |
2,111 |
6,579 |
|
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