31 Western Ave Kennebunk, ME 04043-7354
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.
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Cottage Breeze Day Spa & Boutique Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.