15 Locke St Kennebunkport, ME 04046-5807
Property profile & analytics
15 Locke St, Kennebunkport, ME 04046-5807
- Hotels
- 5,700 SF
- 0.73 lot acres
Property ID
US42-0001841
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 1802 House Bed and Breakfast / Bed & Breakfast / Restaurant
Property Details for 15 Locke St
- Year built
- 1802
- Lot size
- 0.73 lot acres
- Zone code
- VR
- Property type
- Hotels
- APN
- KENP M:12 B:1 L:3
- APU
- KENPM12B1L3
Description
Exceptional opportunity to acquire a thriving 6-unit bed and breakfast inn in desirable Kennebunkport, Maine. This 9,071 square foot property sits on a 0.73-acre lot, boasting a prime location just half a mile from Dock Square, a central hub for tourism. The inn is in excellent, turnkey condition, renowned for its exceptional service and accommodations. The property includes a luxurious owner's quarters featuring four bedrooms, three bathrooms, ample storage, and two offices. All six guest rooms are fully furnished and equipped, with all supplies, software, and business-related items included in the sale, ensuring a seamless transition for the new owner. Five of the six guest rooms offer gas fireplaces, and two include jacuzzi tubs. All guest rooms have ensuite bathrooms. Recent upgrades include new mini-splits for heating and cooling, a brand-new roof, a whole-house generator, newly insulated attic, new carpeting, and several newly tiled bathrooms. The property offers 14 parking spaces, a large yard, and beautiful gardens. Its proximity to the Arundel Golf Course provides spectacular views. The inn benefits from a long season, operating from May through October, with additional events like "Paint the Town Red" in February and Christmas festivities. Located just 35 minutes from Portland, 30 minutes from Portsmouth, NH, and 1.5 hours from Boston, MA, this property offers unparalleled access to major metropolitan areas. The property's zoning may allow for conversion into a two-family multi-unit dwelling or even condominiums, presenting significant future development potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,445,000
- ML approach
- $2,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,416,000
- AI Estimate
- $1,977,000
Market price range: $1.16M - $2.89MMarket price range: $1.98M - $2.52M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,950,000 Current use
- RETAIL STORES
- $1,585,000 Change: -19% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,580,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kennebunkport
- County
- York
- State
- Maine
- Longitude
- -70.4771
- Latitude
- 43.3682
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,576
$277,300
$1,094,900
$1,372,200
-
$0.00
$0.00
$0.00
