69 Mills Rd Kennebunkport, ME 04046
This exceptional mixed-use property in Kennebunkport, Maine, presents a unique owner-user opportunity. Located at 69 Mills Road, this meticulously renovated property boasts two buildings on a 1.03-acre lot, offering a total of 1,500 square feet of net rentable space. The main building features five bedrooms and four bathrooms, ideal for comfortable living. The adaptable floor plan allows for various business uses, including medical, office, or retail spaces. The separate cottage provides additional versatility, potentially serving as an art studio, office, or guest quarters. Recent renovations (2024) include a new roof, windows, vinyl siding, and a two-car garage. Efficient heating and cooling are provided by seven heat pumps, supplemented by oil-fired forced hot water heat and two propane fireplaces. The property's prime location across from a highly-rated restaurant enhances its commercial potential. The zoning is FE, and the property is priced at $1,095,000, significantly below its appraised value of $1,595,000. This turnkey property offers a blend of residential comfort and commercial viability, making it perfect for a professional seeking a live-work arrangement or an investor looking for a high-return opportunity. The property's versatility extends to potential uses as a vacation rental or bed and breakfast. This is a rare chance to own a piece of Kennebunkport's charm and capitalize on its thriving tourism and business sectors. The property's Class B designation reflects its high-quality construction and recent renovations.
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Romano Realty Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.