Mixed-Use Property with
30 York Street #1, Kennebunk, ME 04043
For Sale
$779,000
An upstairs two-bedroom apartment complements the ground-floor restaurant, with parking areas serving both commercial and residential use.
Property Size3,222 SF
Price / SF$241.78
Days on Market257
Property Features for 30 York Street #1
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Seating Capacity
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Kennebunk Beach Realty
(207) 967-5481
Listed By:
Melanie Saccuzzo
(207) 229-0693
Source:
Integrityhomesrealestategroup
Added: Feb 28
Changed: Nov 11
Last Checked: Nov 11 at 2:21AM
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 Kennebunk Beach Realty
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Investment Insights
Based on property information with market context.
This 3,222-square-foot mixed-use property dates to 1890 and has two units. The ground level is occupied by a 42-seat restaurant, with an ADA-compliant restroom and an accessible ramp. The commercial area may be configured as two separate units. Above it, an updated two-bedroom apartment offers residential space within the same building. The existing restaurant business is available through a separate negotiation.
In downtown Kennebunk, the property has sidewalk access and front and rear parking areas. It is zoned MCRU.
In downtown Kennebunk, the property has sidewalk access and front and rear parking areas. It is zoned MCRU.
Key Highlights
- Ground‑floor restaurant with seating for 42
- Updated two‑bedroom apartment on the second floor
- 3,222 square feet; built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,017
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,340
$800.3K
Cap Rate 7%
$571,671
$571.7K
Cap Rate 9%
$444,633
$444.6K
Market Conditions
NOI Build-Up for 3,222 SF
Gross rent
$69.6K $21.60/SF
− Vacancy
−$5.6K −$1.73/SF
EGI
$64.0K $19.87/SF
− OpEx
−$24.0K −$7.45/SF
NOI
$40.0K $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%
$800,340
Cap Rate 7%
$571,671
Cap Rate 9%
$444,633
Alternative Uses
Best Use
Mixed Use
$571.7K
$500.2K – $667.0K
NOI $40,017 @ 7.0% cap · market cap 5.14%
Second Best
Specialty Retail
$556.7K
$487.1K – $649.5K
NOI $38,969 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.02M
$893.7K – $1.19M
NOI $71,495 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Hotels & Casinos 3%
Cumberland Farms
Shops & Services
6,924 visits/mo
0.2 miles
Citgo
Shops & Services
2,680 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,255 visits/mo
0.2 miles
People's United Bank
Shops & Services
1,106 visits/mo
0.4 miles
Port Inn & Suites Kennebunk, Ascend Hotel Collection
Hotels & Casinos
409 visits/mo
0.3 miles
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs two-bedroom apartment complements the ground-floor restaurant, with parking areas serving both commercial and residential use.
Where is this mixed-use property located?
The property is located at 30 York Street #1 Kennebunk, ME.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Ground‑floor restaurant with seating for 42; Updated two‑bedroom apartment on the second floor; 3,222 square feet; built in 1890
