Historic Bed & Breakfast with
For Sale
$2,175,000
15 Locke Street, Kennebunkport, ME 04046
The property combines six guest rooms with three-bedroom owner’s quarters.
Property Size5,700 SF
Price / SF$381.58
Days on Market194
Property Features for 15 Locke Street
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Commercial
Zoning
V RES
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$9,011
Amenities
gourmet breakfasts
extensive gardens
deck
patio
amenities for weddings and private events
Building Details
Building Size
5,700 SF
Year Built
1802
Stories
2
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Apr 22
Changed: Oct 30
Last Checked: Oct 30 at 1:59AM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
At 15 Locke Street in Kennebunkport, this 5,700-square-foot bed and breakfast dates to 1802 and includes six guest rooms alongside three-bedroom owner’s quarters. Outdoor features include gardens, a deck, and a patio; the property also accommodates weddings and private events. Zoning is V RES.
The property is described as close to downtown and the ocean, with a history of rentals and gourmet breakfasts offered to guests.
The property is described as close to downtown and the ocean, with a history of rentals and gourmet breakfasts offered to guests.
Key Highlights
- Six guest rooms and three‑bedroom owner’s quarters
- 5,700 square feet; built in 1802
- Gardens, deck, and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,041
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,820
$1.4M
Cap Rate 7%
$986,300
$986.3K
Cap Rate 9%
$767,122
$767.1K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$171.0K $30.00/SF
− Vacancy
−$25.7K −$4.50/SF
EGI
$145.4K $25.50/SF
− OpEx
−$76.3K −$13.39/SF
NOI
$69.0K $12.11/SF
Area
York County, ME
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,820
Cap Rate 7%
$986,300
Cap Rate 9%
$767,122
Alternative Uses
Best Use
Hotel Hospitality
$986.3K
$863.0K – $1.15M
NOI $69,041 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,481 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 04046, ME
7,893
Population
4,740
Households
1.7
Avg Household Size
51
Median Age
41%
College-Educated
98%
High-School Grad
44.4 sq mi
ZIP Area
178
Density / Sq Mi
$99,861
Median Household Income
$43,000
Median Earnings
$1,250
Median Rent
$559,900
Median Home Value
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Similar Off Market Nearby
- Lake Brook Bed & Breakfast — 57 Western Ave, Kennebunk, ME 04043
- James Fairfield House (at the Kennebunkport Captains Collection) — 6 pleasant st suite #3, kennebunkport, me 04046
- Kennebunkport Captains Collection — 6 pleasant st, kennebunkport, me 04046
- Kennebunkport Motor Lodge — 22 Wildes District Rd, Kennebunkport, ME 04046
- Meadow Glen Inn & Cottages — 11 Wildes District Rd, Kennebunkport, ME 04046
Frequently Asked Questions
What type of property is this?
Bed & breakfast - The property combines six guest rooms with three-bedroom owner’s quarters.
Where is this bed & breakfast located?
The property is located at 15 Locke Street Kennebunkport, ME.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Six guest rooms and three‑bedroom owner’s quarters; 5,700 square feet; built in 1802; Gardens, deck, and patio
