518 U.S 1, Kittery, ME 03904
- Added:
- Apr 8, 2026
- Days on Market:
- 66
- Last Refresh:
- Jun 12 at 10:06 am
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 agent Sean Cody (207) 370-9509
Listing office Keller Williams Coastal and Lakes & Mountains Realty 1000 US Route 1 Suite 101, Portsmouth, ME (207) 475-0999
Listing date Apr 8, 2026
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.
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
- Minutes from I‑95, downtown Portsmouth, Kittery Outlets, and area beaches
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Kittery
- County
- York
- State
- Maine
- Longitude
- -70.73
- Latitude
- 43.1147
