Furnished Bed &
New
For Sale
$1,499,999
61 Fletcher St, Kennebunk, ME 04043
Downtown Kennebunk inn with guest furnishings, a commercial-grade kitchen, and sidewalks connecting to local shops and dining.
Property Size5,594 SF
Price / SF$268.14
Days on Market4
Property Features for 61 Fletcher St
General Information
Standard status
Active
Size
5,594 SF
Property subtype
Commercial
Zoning
Village Residential
Additional Details
Business Included
Yes
Sprinkler System
Yes
Currently Operating
Yes
Amenities
commercial-grade kitchen
three fireplaces
multiple common areas
screened porch
outdoor seating
gardens
fire pit
Building Details
Year Built
1985
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 310-8592
Listed By:
Carol Kline
Source:
Klinerealtygroup
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:02AM
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
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Investment Insights
Based on property information with market context.
This 5,594-square-foot bed and breakfast contains 9 guest rooms, each with an ensuite bathroom. Built in 1985, the property includes a commercial-grade kitchen, fire suppression and sprinkler systems, and furnishings. Three fireplaces, shared gathering areas, a screened porch, outdoor seating, gardens, and a fire pit add to its indoor and outdoor guest spaces. Off-street parking is also provided.
At 61 Fletcher St in downtown Kennebunk, the inn is in the Village Residential zone. Sidewalks connect the property with nearby restaurants, shops, galleries, and cafés. The beaches of Kennebunk and Kennebunkport are a short drive away.
At 61 Fletcher St in downtown Kennebunk, the inn is in the Village Residential zone. Sidewalks connect the property with nearby restaurants, shops, galleries, and cafés. The beaches of Kennebunk and Kennebunkport are a short drive away.
Key Highlights
- 9 ensuite guest rooms within 5,594 square feet
- Commercial‑grade kitchen with fire suppression and sprinkler systems
- Guest furnishings included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,757
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,140
$1.4M
Cap Rate 7%
$967,957
$968.0K
Cap Rate 9%
$752,856
$752.9K
Market Conditions
NOI Build-Up for 5,594 SF
Gross rent
$167.8K $30.00/SF
− Vacancy
−$25.2K −$4.50/SF
EGI
$142.6K $25.50/SF
− OpEx
−$74.9K −$13.39/SF
NOI
$67.8K $12.11/SF
Area
York County, ME
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,140
Cap Rate 7%
$967,957
Cap Rate 9%
$752,856
Alternative Uses
Best Use
Hotel Hospitality
$968.0K
$847.0K – $1.13M
NOI $67,757 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,129 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- The Kennebunk Inn — 45 Main St, Kennebunk, ME 04043
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Downtown Kennebunk inn with guest furnishings, a commercial-grade kitchen, and sidewalks connecting to local shops and dining.
Where is this bed & breakfast located?
The property is located at 61 Fletcher St Kennebunk, ME.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 9 ensuite guest rooms within 5,594 square feet; Commercial‑grade kitchen with fire suppression and sprinkler systems; Guest furnishings included in the sale
