143 State Road Kittery, ME 03904
Retail building on multiple lots, featuring two separate houses and totaling 1.45 acres for development options.
Property Features for 143 State Road
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 1.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing office Compass New England,LLC
Listing date Jul 5, 2026
Source Aultcommercial
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Compass New England,LLC
Investment Insights
Based on property information with market context.
The property is located at 143 State Road in Kittery, ME. With its multi-lot configuration and prominent retail-oriented character, the building supports a range of commercial possibilities, including retail, office, restaurant use, or redevelopment.
All information provided here is based on the stated layout and site configuration, including the existence of two houses on two lots and the combined total acreage for the three lots.
Key Highlights
- Retail building on two separate houses on two separate lots
- Two separate lots with a total of 1.45 acres for multiple‑use or redevelopment options
- Built in 1961
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.3k | $18.96 |
| − Vacancy | −$7.3k | −$1.61 |
| EGI | $78.1k | $17.35 |
| − OpEx | −$23.4k | −$5.20 |
| NOI | $54.6k | $12.14 |
