69 Mills Rd Kennebunkport, ME 04046

Property Details for 69 Mills Rd

Lot size

1.03 lot acres

Property type

Specialty properties

Property subtype

Retail properties

Description

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.

Location Insight

City

Kennebunkport

County

York

State

Maine

Longitude

-70.4405

Latitude

43.381