Commercial Condo with Outdoor
518 U.S 1 Kittery, ME 03904
For Sale
$565,000
COMMERCIAL - Kittery, ME
Property Size3,054 SF
Price / SF$185
Days on Market111
Property Features for 518 U.S 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU
Standard status
Active
Size
3,054 SF
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Sean Cody
(207) 370-9509
Added: Apr 8
Changed: Jun 11
Last Checked: Jul 27 at 11:06AM
MLS# 1656898
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 518 U.S. Route 1, Unit 3 in Kittery, this commercial condo offers 3,054± square feet of flexible interior space. The property is currently operating as a daycare, and the existing layout is compatible with office, retail, or other service-based configurations. An outdoor yard area provides additional usable space that is presently used as a playground, supporting day-to-day operations that benefit from an outdoor component.
The property’s access and visibility along U.S. Route 1 position it for businesses seeking convenient customer and staff access. It is described as being just minutes from I-95, downtown Portsmouth, Kittery Outlets, and area beaches, supporting a range of retail and service needs within the Seacoast corridor.
For owner-users, the combination of adaptable indoor space and an on-site outdoor yard can support a variety of childcare or other day-to-day operations, as well as office or service concepts that need room for both work and flexible use. For investors, the current daycare operation demonstrates use of the space, while the layout and yard provide practical flexibility for future tenant or business configurations within MU zoning.
The property’s access and visibility along U.S. Route 1 position it for businesses seeking convenient customer and staff access. It is described as being just minutes from I-95, downtown Portsmouth, Kittery Outlets, and area beaches, supporting a range of retail and service needs within the Seacoast corridor.
For owner-users, the combination of adaptable indoor space and an on-site outdoor yard can support a variety of childcare or other day-to-day operations, as well as office or service concepts that need room for both work and flexible use. For investors, the current daycare operation demonstrates use of the space, while the layout and yard provide practical flexibility for future tenant or business configurations within MU zoning.
Key Highlights
- 3,054± SF commercial condo at 518 U.S. Route 1, Unit 3 in Kittery
- Flexible layout supporting office, retail, or service‑based use; currently operating as a daycare
- Large outdoor yard area, currently used as a playground
Financial Insights For Office B
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 | $76.2k | $24.96 |
| − Vacancy | −$9.5k | −$3.12 |
| EGI | $66.7k | $21.84 |
| − OpEx | −$16.7k | −$5.46 |
| NOI | $50.0k | $16.38 |
3,054 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$714.6K
$625.3K – $833.8K
NOI $50,025 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$968.1K
$847.1K – $1.13M
NOI $67,767 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Day care center - Spacious commercial condo suited for office, retail, or service uses, with an on-site outdoor yard area.
Where is this day care center located?
The property is located at 518 U.S 1 Kittery, ME.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,054± SF commercial condo at 518 U.S. Route 1, Unit 3 in Kittery; Flexible layout supporting office, retail, or service‑based use; currently operating as a daycare; Large outdoor yard area, currently used as a playground
