Restaurant Retail Building with
57-59 State Road Kittery, ME 03904
For Sale
$1,300,000
COMMERCIAL - Kittery, ME
Property Size5,112 SF
Lot Size0.76 Acres
Price / SF$254.30
Days on Market92
Property Features for 57-59 State Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BL-1
Rooms
Basement
Interior features
Storage
Basement
Unfinished, Walk-Out Access, Full
Standard status
Active
Size
5,112 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7806
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1985
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Steel Frame, Wood Frame, Clapboard, Shingle Siding
Roof type
Metal, Shingle
Additional Structures
Storage
Listing Agency:
Anne Erwin Sotheby's International Realty
(207) 363-6640
Listed By:
Anne Erwin Real Estate
(207) 363-6640
Added: Apr 27
Changed: Jul 13
Last Checked: Jul 27 at 1:06PM
MLS# 1642061
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.
The property at 57-59 State Road is a well-maintained commercial building that previously operated as a dine-in/take-out restaurant with a seafood retail component. The site totals 0.76 acres and includes approximately 5,112 square feet of space. Interior features include additional storage in the lower level, a food preparation area, and dedicated office space, and the building includes some kitchen inventory. The exterior includes a parking lot sized to accommodate 34 vehicles, with access from both the front and rear of the premises. An exterior deck could be used to support outdoor dining.
The property is located along Route 1/State Road at the entrance to the city of Portsmouth, New Hampshire, in Kittery, Maine. It is served by public water and sewer and includes a 600-amp electrical system with modern LED lighting. Heating is provided by propane gas.
Zoned BL-1 (Business Local), the property permits a range of commercial uses, including retail operations and hospitality services, as well as other locally appropriate business applications listed by the current district description.
The property is located along Route 1/State Road at the entrance to the city of Portsmouth, New Hampshire, in Kittery, Maine. It is served by public water and sewer and includes a 600-amp electrical system with modern LED lighting. Heating is provided by propane gas.
Zoned BL-1 (Business Local), the property permits a range of commercial uses, including retail operations and hospitality services, as well as other locally appropriate business applications listed by the current district description.
Key Highlights
- 5,112 SF building on 0.76 acres, previously operated as a dine‑in/take‑out restaurant with a seafood retail component
- Parking lot holds up to 34 vehicles, with access from the front and rear of the premises
- BL‑1 (Business Local) zoning; building supports multiple commercial uses including retail and hospitality services (per listing)
Financial Insights For Retail
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 | $96.9k | $18.96 |
| − Vacancy | −$8.2k | −$1.61 |
| EGI | $88.7k | $17.35 |
| − OpEx | −$26.6k | −$5.20 |
| NOI | $62.1k | $12.14 |
5,112 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$886.9K
$776.0K – $1.03M
NOI $62,080 @ 7.0% cap · market cap 4.78%
Second Best
Specialty Retail
$883.3K
$772.9K – $1.03M
NOI $61,828 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,433 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-maintained building previously used for dine-in/take-out restaurant and seafood retail, with parking for 34 vehicles.
Where is this conventional restaurant located?
The property is located at 57-59 State Road Kittery, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,112 SF building on 0.76 acres, previously operated as a dine‑in/take‑out restaurant with a seafood retail component; Parking lot holds up to 34 vehicles, with access from the front and rear of the premises; BL‑1 (Business Local) zoning; building supports multiple commercial uses including retail and hospitality services (per listing)
