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Property summary
The property assemblage in Kittery, Maine consists of three adjoining parcels totaling 1.45 acres with approximately 370 feet of frontage on State Road, located just south of the Kittery Traffic Circle. The site includes two freestanding residential homes and one freestanding commercial building. The existing structures provide space that has been used in ways consistent with rental and may also support redevelopment. Based on the configuration and site characteristics, the assemblage is suitable for a range of uses including multifamily, mixed-use, or commercial development, with zoning and permitted uses to be confirmed by local ordinance. The site benefits from road-front access and proximity to downtown Portsmouth and Interstate 95.
Property profile
VerifiedCap rate & NOI
Current use
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Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Business - Local Zone (B-L). [Amended 4-11-2022 ; 9-12-2022 ; 11-27-2023 ; 11-27-2023 ; 5-13-2024 ; 12-9-2024 ] A. Purpose. The purpose of the Business - Local (B-L) Zone is to provide local retail services, and business…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Kittery market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-L · Kittery, MEBusiness - Local Zone (B-L). [Amended 4-11-2022 ; 9-12-2022 ; 11-27-2023 ; 11-27-2023 ; 5-13-2024 ; 12-9-2024 ] A. Purpose. The purpose of the Business - Local (B-L) Zone is to provide local retail services, and business…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Business - Local Zone (B-L). [Amended 4-11-2022 ; 9-12-2022 ; 11-27-2023 ; 11-27-2023 ; 5-13-2024 ; 12-9-2024 ] A. Purpose. The purpose of the Business - Local (B-L) Zone is to provide local retail services, and business…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-L in Kittery, ME.
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