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

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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

Contact

Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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