Mixed-Use Property with Garage
For Sale
$1,200,000
432 Us Route 1, Kittery, ME 03904
Residential and garage structures occupy a mixed-use-zoned site along US Route 1.
Property Size4,856 SF
Lot Size4.25 Acres
Price / SF$247.12
Days on Market901
Property Features for 432 Us Route 1
General Information
Standard status
Active
Size
4,856 SF
Lot size
4.25 Acres
Property subtype
Commercial
Zoning
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Property Use
Auto Repair Garage
Taxes and HOA fees
Annual Taxes
$7,759
Building Details
Building Size
4,856 SF
Year Built
1971
Buildings
3
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Richard DeSoto · License #ME BR921573
(207) 408-8969
Source:
Amerorealty
Added: May 15, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:18PM
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 Keller Williams Coastal and Lakes & Mountains Realty
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Investment Insights
Based on property information with market context.
The 4.25-acre property includes a 1,078-square-foot residence, a detached two-car garage, and two additional garage buildings totaling 4,856 square feet. The site is currently used for auto repair, and its zoning is Mixed Use.
Located on US Route 1 in Kittery, the property has public water and sewer available in front of the site. The residence was built in 1971.
Located on US Route 1 in Kittery, the property has public water and sewer available in front of the site. The residence was built in 1971.
Key Highlights
- 4.25‑acre property on US Route 1 in Kittery
- Two additional garage buildings totaling 4,856 square feet
- 1,078‑square‑foot residence with a detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,312
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,240
$1.2M
Cap Rate 7%
$861,600
$861.6K
Cap Rate 9%
$670,133
$670.1K
Market Conditions
NOI Build-Up for 4,856 SF
Gross rent
$104.9K $21.60/SF
− Vacancy
−$8.4K −$1.73/SF
EGI
$96.5K $19.87/SF
− OpEx
−$36.2K −$7.45/SF
NOI
$60.3K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,240
Cap Rate 7%
$861,600
Cap Rate 9%
$670,133
Alternative Uses
Best Use
Mixed Use
$861.6K
$753.9K – $1.01M
NOI $60,312 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$842.4K
$737.1K – $982.9K
NOI $58,971 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,753 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Aroma Joe's
Dining
5,864 visits/mo
0.4 miles
Demographics for 03904, ME
8,148
Population
4,375
Households
1.9
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
10.9 sq mi
ZIP Area
748
Density / Sq Mi
$74,551
Median Household Income
$50,752
Median Earnings
$1,458
Median Rent
$415,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and garage structures occupy a mixed-use-zoned site along US Route 1.
Where is this mixed-use property located?
The property is located at 432 Us Route 1 Kittery, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4.25‑acre property on US Route 1 in Kittery; Two additional garage buildings totaling 4,856 square feet; 1,078‑square‑foot residence with a detached two‑car garage
