Mixed Use Office with Residential

Office for Sale
Catylist Listing ID: 30802461
Property Subtypes: Office Building, General
Building Size (RSF): 5,270 SF
Gross Building Area: 5,493 SF
Gross Land Area: 0.61 Acres
Sale Price: $779,000
Unit Price: $147.82 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: 85 Main St
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.34%
Average Occupancy Rate: 100
Last Updated: 5/13/2022

Overview / Comments

Mixed used, income property with 2 Buildings. Main building - 2 story building consisting of 4430+- sq ft. Currently 3 office leases and 1 residential 1000 sf 1 ba 1 bm -lease . Some office space may also be available upon closing:1006-2743 sf. Very charming, with fireplaces, many built ins and wood floors.
Building 2- Carriage House- single story, exposed post and beam, consisting of 840 +-sq ft, workshop/conference room, office, bathroom and storage area.
Property is well maintained. Mixed used, income property with 2 Buildings. Main building - 2 story building consisting of 4430+- sq ft. Currently 3 office leases and 1 residential 1000 sf 1 ba 1 bm -lease . Some office space may also be available upon closing:1006-2743 sf. Very charming, with fireplaces, many built ins and wood floors.
Building 2- Carriage House- single story, exposed post and beam, consisting of 840 +-sq ft, workshop/conference room, office, bathroom and storage area.
Property is well maintained.

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: York
Taxing Authority: Kennebunk
Tax ID/APN: 051-132
Zoning: OFFICE - UPPER SQUARE ZONE
Property Located Between: Storer Street and Fletcher Stret
Property Visibility: Excellent
Highway Access: Turnpike exit 25 is .5 mile
Airports: Portlatnd International Jetport 30 minutes, Sanford Seacoast Regional Airport 15 minutes
Area Description: Property is in the hub of vibrant and desirable Downtown Kennebunk.Great visibility with signage on existing professional sign posts installed next to building. Pleasant and walkable downtown, near banks, churches, Town Hall, library, flower and gift shops, restaurants, seasonal farmer's market and ice rink. Property is proudly in the Kennebunk Historic District. Ask agency about details, information is also available at Kennebunk Town Hall.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,000 SF
Year Built: 1920
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Exterior consists of wood clap board siding, granite steps and charming period landscaping with flowering perennials.
Parking Type: Surface
Parking Description: The main building has a paved wrap around driveway which also leads to the Carriage House and paved parking lot behind building, this area behind the building is quiet and nicely landscaped with mature trees and some lighting. There is also street side parking at front side of the main building, on Main Street.
Total Parking Spaces: 14
Sprinklers: Wet
Heat Type: Propane, Oil, Hot Water
Heat Source: Baseboard, Heat Pump
Interior Description: This charming building feels very inviting and warm. Hard wood floors, several fire places, period built ins, many windows with natural light.
Zoning Description: Upper Square in historic district. See agent or contact Kennebunk Town Hall for additional information.Owner is planning to purchase authentic historic sign depicting building name and time period of origination.
Lot Frontage: 70
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Map/Lot: 51/132 Book Page: 14799/975-976

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,102 12,056 21,873
Median Age: 49.79 49.34 48.21
Households: 1,503 5,332 9,223

Contact

Photograph of Listing Agent

Suzanne M. McKechnie

Investcomm Commercial Group
NECPE Member
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