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    143 State Rd Kittery, ME 03904

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    For Sale
    $2,250,000

    Three adjoining properties in Kittery with redevelopment potential.

    Lot size:
    0.29 Acres

    Property Features for 143 State Rd

    General Information

    Lot size
    0.29 Acres

    Source: NAI Norwood Group Agent Andy Fleisher, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kittery Assemblage: Mixed-Use Potential

    This offering presents a unique opportunity to acquire three adjoining properties in Kittery, Maine. The assemblage includes two freestanding residential homes and one freestanding commercial building. The properties total 1.45 acres with 370 feet of road frontage on State Road. The location is just south of the Kittery Traffic Circle, providing visibility and access to shops, restaurants, and coastal amenities. The existing structures offer rental or redevelopment potential, and the site is suited for multifamily, mixed-use, or commercial development. The location is in a high-traffic, high-visibility area within Kittery's growth corridor, with convenient access to downtown Portsmouth and I-95. This assemblage offers multiple pathways to value creation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walsh's Furniture Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kittery
    County
    York
    State
    Maine
    Longitude
    -70.745581
    Latitude
    43.0980326

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    FAQs

    What type of property is this?
    Mixed-use property - Three adjoining properties in Kittery with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 143 State Rd Kittery, ME.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - High-traffic, high-visibility location in Kittery's growth corridor with **370' of road frontage.**; - Unique assemblage of three adjoining properties totaling 1.45 acres.; - Mix of existing residential and commercial structures.
    (603) 498-2817
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    143 State Rd Kittery, ME 03904
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    Kittery, ME 03904
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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
    143 State Rd Kittery, ME 03904
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