Flex Space with Outdoor
For Sale
$525,000
518 U.S 1, Kittery, ME 03904
Commercial Sale, Kittery, ME
Property Size3,054 SF
Price / SF$171.91
Days on Market140
Property Features for 518 U.S 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU
Lot features
Near Turnpike/ Interstate, Business District, Near Shopping, Retail Strip
Standard status
Active
Size
3,054 SF
Taxes and HOA fees
HOA Fee
$1,018 Monthly
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(207) 475-0999
Listed By:
Sean Cody
(207) 370-9509
Added: Jun 11
Changed: Oct 20
Last Checked: Oct 28 at 7:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,054-square-foot commercial condominium in Kittery includes an outdoor yard and is zoned MU. Its configuration can accommodate office, retail, or service-based operations.
The property is on U.S. Route 1, within minutes of I-95, downtown Portsmouth, Kittery Outlets, and area beaches.
The property is on U.S. Route 1, within minutes of I-95, downtown Portsmouth, Kittery Outlets, and area beaches.
Key Highlights
- 3,054‑square‑foot commercial condominium
- Outdoor yard area
- MU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,812
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,240
$856.2K
Cap Rate 7%
$611,600
$611.6K
Cap Rate 9%
$475,689
$475.7K
Market Conditions
NOI Build-Up for 3,054 SF
Gross rent
$67.1K $21.96/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$65.9K $21.57/SF
− OpEx
−$23.1K −$7.55/SF
NOI
$42.8K $14.02/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,240
Cap Rate 7%
$611,600
Cap Rate 9%
$475,689
Alternative Uses
Best Use
Flex RnD
$611.6K
$535.2K – $713.5K
NOI $42,812 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$449.9K
$393.7K – $524.9K
NOI $31,493 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$968.1K
$847.1K – $1.13M
NOI $67,767 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - MU zoning and flexible configurations support office, retail, or service-oriented uses.
Where is this flex space located?
The property is located at 518 U.S 1 Kittery, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,054‑square‑foot commercial condominium; Outdoor yard area; MU zoning
