Boutique Bed & Breakfast with
61 Fletcher Street, Kennebunk, ME 04043
For Sale
$1,499,999
Commercial Sale, Kennebunk, ME
Property Size5,594 SF
Lot Size0.33 Acres
Price / SF$268.14
Days on Market117
Property Features for 61 Fletcher Street
General Information
Property type
Property subtype
Zoning
Rooms
Parking features
Basement
Lot features
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
fireplaces
common areas
screened porch
outdoor seating
gardens
fire pit
commercial-grade kitchen
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Katherine Az Ashley Lutkoff
(207) 560-1400
Added: Jul 17
Changed: Nov 10
Last Checked: Nov 10 at 10:06AM
MLS# 1668500
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.
The White Sails Inn is an established bed and breakfast with 9 ensuite guest rooms within 5,594 square feet. The property includes a commercial-grade kitchen, three fireplaces, several common areas, a screened porch, outdoor seating, gardens, and a fire pit. Fire suppression and sprinkler systems, furnishings, wood and tile flooring, public water, public sewer, and off-street parking are also included. Built in 1985, the building has wood-frame construction with shingle siding and a shingle roof.
Located at 61 Fletcher Street in downtown Kennebunk, the inn is within walking distance of restaurants, shops, galleries, and cafés. The property is zoned VR and occupies 0.33 acres, with nearby beach access in Kennebunk and Kennebunkport available by a short drive.
Located at 61 Fletcher Street in downtown Kennebunk, the inn is within walking distance of restaurants, shops, galleries, and cafés. The property is zoned VR and occupies 0.33 acres, with nearby beach access in Kennebunk and Kennebunkport available by a short drive.
Key Highlights
- 9 ensuite guest rooms within 5,594 square feet
- Commercial‑grade kitchen with furnishings included
- Three fireplaces, common areas, screened porch, gardens, and fire pit
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 - Established lodging property with guest amenities, commercial kitchen, outdoor areas, and off-street parking in downtown Kennebunk.
Where is this bed & breakfast located?
The property is located at 61 Fletcher Street 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 furnishings included; Three fireplaces, common areas, screened porch, gardens, and fire pit
