Retail / Redevelopment / For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30524367
Building Size (RSF): 4,400 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $1,650,000
Unit Price: $375 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

4,400 SF RETAIL BUILDING ON 2 AC

328’ FRONTAGE ON US ROUTE 1

Great visibility with development potential

In the heart of Kittery’s Outlet Retail Hub drawing traffic from both Maine, NH and Massachusetts

Minutes from I-95 and NH Route 16

2 Entrances - at traffic light on Rte 1 & on Dexter Lane

(46) spaces—parking on all sides of the building

SALE PRICE: $1,650,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 47-3A
Zoning: C-1 ROUTE 1 COMMERCIAL ZONE
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Visibility: Excellent
Feet of Frontage: 328
Highway Access: 95
Site Description: SITE SIZE: 2 Acres (Note: .10 acre at the entrance from US Route 1 was donated to MDOT January 1989)
Area Description: This 2 Acre parcel in the hub of Kittery’s outlet shopping is located directly on Route 1 on a corner with two entrances - at traffic light on Route and on Dexter Lane. Zoned (C1), this property provides an exceptional opportunity for redevelopment.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1982
Construction/Siding: Wood Siding
Exterior Description: Log Construction
Parking Type: Surface
Parking Description: 46 Spaces
Heat Type: Other
Heat Source: Heat Pump, Other
Zoning Description: C-1 Route 1 Commercial Zone
Lot Frontage: 328
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,536 21,601 41,540
Median Age: 42.43 42 43.8
Households: 616 10,025 18,749

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