Property profile

1306 Alfred Rd Kennebunkport, ME 04046

OFF-MARKET
Turn key restaurants
Property ID
US42-0301192
1,566 SF 0.33 ac lot Built 1940
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Location

1306 Alfred Rd Kennebunkport, ME 04046
Kennebunkport metro Census 26000 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2018
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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