Sprinklered Multi-Office Condo
69 York Street Unit 5 Kennebunk, ME 04043
For Sale
$359,900
Office condo with ramp entry, kitchenette, two bathrooms, and multiple offices across two floors.
Property Size1,801 SF
Price / SF$199.83
Days on Market161
Property Features for 69 York Street Unit 5
General Information
- Standard status
- Active
- Size
- 1,801 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing Agency:
McKechnie Commercial Realty
Listed By:
Suzanne McKechnie
(603) 433-3350
Source:
Greatislandrealty
Added: Feb 15
Changed: Jul 25
Last Checked: Jul 25 at 9:18AM
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 McKechnie Commercial Realty
Investment Insights
Based on property information with market context.
This sprinklered commercial condo unit is configured with a reception entry and multiple offices distributed across two floors. The first floor includes four offices and reception, along with a kitchenette, and it features handicap accessible ramp entry. The second floor offers two offices plus a break room/office area and an additional kitchenette. There are two bathrooms total, with one on each floor. Bonus storage is available on the second floor.
The building provides parking on both the front and back. Road front signage is present, and the HOA maintains the grounds and exterior of the building. The property is located on US Route 1 in Kennebunk, with “near shopping” noted in the remarks.
Overall, the layout supports a flexible office arrangement for either a single tenant or multiple tenants within the unit.
The building provides parking on both the front and back. Road front signage is present, and the HOA maintains the grounds and exterior of the building. The property is located on US Route 1 in Kennebunk, with “near shopping” noted in the remarks.
Overall, the layout supports a flexible office arrangement for either a single tenant or multiple tenants within the unit.
Key Highlights
- Office condo built in 2006 with two floors of office space
- Fully sprinkled with road‑front signage on US Route 1 in Kennebunk, ME
- First‑floor handicap‑accessible ramp entry plus parking in front and back of the building
Financial Insights For Office B
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 | $45.0k | $24.96 |
| − Vacancy | −$5.6k | −$3.12 |
| EGI | $39.3k | $21.84 |
| − OpEx | −$9.8k | −$5.46 |
| NOI | $29.5k | $16.38 |
1,801 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.9K
$499.6K – $666.1K
NOI $39,964 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Southern Maine Integrative ...
Pediatrician
Atlantic Coast Financial
Financial Advisor
Nationwide Insurance: James ...
Insurance Agency
Mainely Primary Care
Medical Clinic
Nvest Financial Group ...
Financial Advisor
FAQs
What type of property is this?
Office units - Office condo with ramp entry, kitchenette, two bathrooms, and multiple offices across two floors.
Where is this office units located?
The property is located at 69 York Street Unit 5 Kennebunk, ME.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Office condo built in 2006 with two floors of office space; Fully sprinkled with road‑front signage on US Route 1 in Kennebunk, ME; First‑floor handicap‑accessible ramp entry plus parking in front and back of the building
