Current Use by Public Records
- Mixed-use properties
Property Details for 171-173 Prt Rd Rd
- Year built
- 1850
- Lot size
- 0.46 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Kennebunk, Maine, presents a unique investment opportunity. The main building, totaling 5,579 square feet, is currently occupied by a retail tenant, Old Vines, under a lease agreement. The property also includes a sizable 0.46-acre vacant lot, ideal for additional parking or future development projects, offering significant expansion possibilities. This versatile space allows for a variety of uses, catering to both commercial and potential residential needs. The strategic location in Kennebunk ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's current income stream from the existing retail tenant provides a stable foundation for investment, while the vacant lot offers substantial upside potential for future growth and increased revenue. Separately available is a two-bedroom residential condominium unit, adding further diversification to this compelling investment package. The asking price for the commercial building and land is $1,900,000. The residential condo is available for an additional $700,000. This combined offering presents a rare chance to acquire a substantial and versatile property in a desirable Maine location. Detailed financial information and lease terms are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kennebunk
- County
- York
- State
- Maine
- Longitude
- -70.4838
- Latitude
- 43.3604
