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    171-173 Prt Rd Rd Kennebunk, ME 04043

    Sponsored
    For Sale
    $1,900,000

    Prime Kennebunk location, retail & development potential.

    Property size:
    5,579 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property in Kennebunk, Maine, presents a unique investment opportunity. The main building, totaling 5,579 square feet, is currently occupied by a retail tenant, Old Vines, under a lease agreement. The property also includes a sizable 0.46-acre vacant lot, ideal for additional parking or future development projects, offering significant expansion possibilities. This versatile space allows for a variety of uses, catering to both commercial and potential residential needs. The strategic location in Kennebunk ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's current income stream from the existing retail tenant provides a stable foundation for investment, while the vacant lot offers substantial upside potential for future growth and increased revenue. Separately available is a two-bedroom residential condominium unit, adding further diversification to this compelling investment package. The asking price for the commercial building and land is $1,900,000. The residential condo is available for an additional $700,000. This combined offering presents a rare chance to acquire a substantial and versatile property in a desirable Maine location. Detailed financial information and lease terms are available upon request.

    Property Features for 171-173 Prt Rd Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,579 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1850
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Kennebunk
    County
    York
    State
    Maine
    Longitude
    -70.48381
    Latitude
    43.36039

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Kennebunk location, retail & development potential.
    Where is this mixed-use property located?
    The property is located at 171-173 Prt Rd Rd Kennebunk, ME.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (207) 772-2422
    Request Owner's contact information
    171-173 Prt Rd 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
    171-173 Prt Rd Rd Kennebunk, ME 04043
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