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    1 Alewive Park Rd Kennebunk, ME 04043

    Sponsored
    For Sale
    $2,000,000

    High-traffic location, strong tenant mix, high ROI potential.

    Property size:
    11,735 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, situated at 1 Alewive Park Road in Kennebunk, Maine, presents a compelling investment opportunity. Boasting 11,735 square feet on a 1.85-acre lot, this property enjoys a highly desirable location directly across from the I-95 southbound Kennebunk exit, ensuring exceptional visibility and accessibility. The strategic corner location with a signaled intersection guarantees high traffic counts, maximizing exposure for all tenants. The property features a strong tenant mix, anchored by a thriving fitness gym and complemented by a regional physical therapy center, providing a stable and diverse income stream. Ample on-site parking is available for tenants and patrons. Currently operating at a 7.4% capitalization rate, this property offers significant upside potential, with projections indicating a 10% cap rate upon reaching full occupancy. This presents a rare chance to acquire a well-established, high-performing mixed-use asset in a prime Kennebunk location with substantial growth potential. The property's strategic location, strong tenant base, and impressive projected returns make it an ideal investment for discerning buyers seeking a stable and appreciating asset in a thriving Maine market. The asking price is $2,000,000.

    Property Features for 1 Alewive Park Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,735 SF
    Lot Size
    80,586 SF

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Spurling Fitness Gym Saco Bay Orthopaedic ... Physical Therapy Clinic Athlete's Touch Massage Therapist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennebunk
    County
    York
    State
    Maine
    Longitude
    -70.5638
    Latitude
    43.40807

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, strong tenant mix, high ROI potential.
    Where is this mixed-use property located?
    The property is located at 1 Alewive Park Rd Kennebunk, ME.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (207) 985-4977
    Request Owner's contact information
    1 Alewive Park Rd Kennebunk, ME 04043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Alewive Park Rd Kennebunk, ME 04043
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