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Property profile & analytics
OFF-MARKET Estimated value $1,275,000
Retail properties & Spaces

31 Western Ave Kennebunk, ME 04043-7354

2,404 SF 1.58 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US42-0234232
Property summary
AI-generated overview

This exceptional offering presents a unique opportunity to acquire a thriving spa business and its accompanying real estate in Kennebunk, Maine's desirable Lower Village. The property, located at 31 Western Avenue, encompasses a well-maintained, two-story building totaling 2,950 square feet on a 1.58-acre lot (APN: Map 089, Block 091, Lot 004). Built in 1900, the structure is zoned LVB - Lower Village Business, providing flexibility for future expansion or adaptations. The current business, operating successfully for over 17 years, boasts a loyal clientele of both locals and tourists. Included in the sale are the building and land, fixtures, furniture, and equipment (FF&E), and the established goodwill of the business. Currently operating four days a week, there's significant potential to increase revenue by expanding operating hours, particularly during peak seasons. The second floor offers ample space for expansion, allowing for additional treatment rooms or services. This turnkey operation presents a rare combination of a profitable business and a valuable real estate asset in a highly sought-after location. The asking price for this complete package is $1,390,000. This is an exceptional opportunity for an investor seeking a profitable, established business with significant growth potential.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1900
Construction FRAME
Total area 2,404 SF
Lot 1.58 ac (68,825 SF)
APN KENB M:089 L:091 U:004
UPID US42-0234232
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
Current use
Occupant on record · Public records
  • Cottage Breeze Day Spa & Boutique Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.28M
Owner & transaction history
31 Western Avenue LLC · 1 yrs held
31 Western Avenue LLC
since 2025
Last sale
$1.4M
1 recorded transaction
2025
$1.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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