Boutique Inn with Ensuite
61 Fletcher Street Kennebunk, ME 04043
61 Fletcher Street, Kennebunk, ME, 04043
$1,700,000
For Sale
$1,700,000
Turnkey boutique inn with 9 ensuite guest rooms, commercial kitchen, sprinkler systems, and furnishings for immediate hospitality operations.
Property Size9,645 SF
Price / SF$176.26
Days on Market36
Property Features for 61 Fletcher Street
General Information
- Standard status
- Active
- Size
- 9,645 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing agency
Signature Homes Real Estate Group, LLC
(207) 560-1400
Listed by
Katherine Az Ashley Lutkoff
(207) 560-1400
Source
Xome
Added: Jun 17 Updated: Jul 22 at 4:55AM Checked: Jul 22 at 4:55AM
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 Signature Homes Real Estate Group, LLC
Investment Insights
Based on property information with market context.
The White Sails Inn is a fully operational boutique hospitality property offering 9 ensuite guest rooms in 5,594 square feet. The building includes three fireplaces, multiple common areas, and a screened porch, along with outdoor seating, gardens, and a fire pit designed to support the guest experience. All furnishings are included with the property.
The inn also features a commercial-grade kitchen, fire suppression and sprinkler systems, and off-street parking spaces.
Located in the Village Residential zone in downtown Kennebunk, the property is steps from restaurants, shops, galleries, and cafés, with sidewalk access to downtown amenities. Beaches in Kennebunk and Kennebunkport are within a short drive.
The inn also features a commercial-grade kitchen, fire suppression and sprinkler systems, and off-street parking spaces.
Located in the Village Residential zone in downtown Kennebunk, the property is steps from restaurants, shops, galleries, and cafés, with sidewalk access to downtown amenities. Beaches in Kennebunk and Kennebunkport are within a short drive.
Key Highlights
- Established boutique inn with 9 ensuite guest rooms in 5,594 SF
- All furnishings included for immediate hospitality operations
- Commercial‑grade kitchen plus fire suppression and sprinkler systems
Local Financial Insights For Hotel Hospitality
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 | $289.4k | $30.00 |
| − Vacancy | −$43.4k | −$4.50 |
| EGI | $245.9k | $25.50 |
| − OpEx | −$129.1k | −$13.39 |
| NOI | $116.8k | $12.11 |
9,645 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.67M
$1.46M – $1.95M
NOI $116,825 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,019 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
White Sails Inn
Bed & Breakfast
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Turnkey boutique inn with 9 ensuite guest rooms, commercial kitchen, sprinkler systems, and furnishings for immediate hospitality operations.
Where is this hotel located?
The property is located at 61 Fletcher Street Kennebunk, ME.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Established boutique inn with 9 ensuite guest rooms in 5,594 SF; All furnishings included for immediate hospitality operations; Commercial‑grade kitchen plus fire suppression and sprinkler systems
