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    OFF-MARKET
    Turn key restaurants

    1306 Alfred Rd, Kennebunkport, ME 04046

    1,566 SF 0.33 ac lot Built 1940
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US42-0301192
    Property summary
    AI-generated overview

    This exceptional mixed-use property presents a unique investment opportunity in Arundel, Maine. Situated on a 0.83-acre lot on busy Route 111, this offering encompasses a total of 2,684 square feet of versatile space. The property includes a 1,566 square foot former barbeque restaurant, providing a ready-made space for a variety of food service businesses. Additionally, a 714 square foot residential house offers comfortable living quarters, ideal for an owner-operator. A further 660 square feet of commercial space is permitted for food trucks and a beer and wine garden, adding significant potential for revenue generation. The ample 0.83-acre lot provides extensive parking and excellent signage opportunities, ensuring high visibility for any business operating from the premises. The property's location on Route 111 guarantees high traffic volume, maximizing exposure and accessibility. A portion of this property is located within the town of Lyman. This combined residential and commercial offering is perfect for an entrepreneur seeking a blend of business and living space, or an investor looking for a multi-faceted income stream. The existing structures offer immediate potential, while the permitted uses for food trucks and a beer garden provide exciting avenues for expansion and diversification. Don't miss this chance to acquire a thriving business and comfortable home in a desirable Maine location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1940
    Construction FRAME
    Total area 1,566 SF
    Lot 0.33 ac (14,520 SF)
    APN ARUN M:020 L:005
    UPID US42-0301192
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Encompass Joy LLC · 2 yrs held
    Encompass Joy LLC
    since 2024
    3 recorded transactions
    2024
    2018
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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