5 Whipple Rd Kittery, ME 03904
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 space as well as a variety of housing types within a walkable context. Much of this zone serves a well-traveled corridor through Kittery wi…
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
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 space as well as a variety of housing types within a walkable context. Much of this zone serves a well-traveled corridor through Kittery with many buildings, including residential structures, oriented to Route 1. Other portions of the zone serve as business hubs for the neighborhoods they are situated in. B. Permitted uses. The following uses are permitted in the B-L Zone: (1) Accessory dwelling unit. (2) Dwelling, multifamily 2-4. (3) Dwelling, manufactured housing. (4) Dwelling, multifamily. (a) Development proposing three or four dwelling units is permitted through minor site plan review; (b) Development proposing five or more dwelling units is permitted through major site plan review; (5) Dwelling, single-family. (6) (Reserved) (7) Dwelling units as part of a mixed-use building. (8) Convalescent care facility. (9) Nursing care facility, long-term. (10) Residential care facility. (11) Accessory buildings, structures, and uses. (12) Home occupation, major. (13) Home occupation, minor. (14) Day-care facility. (15) Hospital. (16) Nursery school. (17) Private assembly. (18) Public facility. (19) Public or private school. (20) Religious use. (21) Recreation, public open space. (22) Aquaculture. (23) Commercial fisheries/maritime activities (provided only incidental cleaning and cooking of seafood occur at the site). (24) Commercial school. (25) Art studio or gallery. (26) Business and professional offices. (27) Business service. (28) Conference center. (29) Personal service. (30) Restaurant. (31) Retail sales (excluding those of which the principal activity entails outdoor sales and/or storage and excluding those specifically mentioned under Subsection C of this section). (32) Retail sales, building materials and garden supply (excluding those of which the principal activity entails outdoor sales and/or storage). (33) Retail sales, convenience. (34) Specialty food and/or beverage facility. (35) Mass transit station. (36) Parking area. (37) Energy storage system, commercial. (38) Energy storage system, residential. (39) Solar energy system, building-integrated and roof-mounted. (40) Solar energy system, ground-mounted small-, medium- and large-scale (under 20,000 square feet). C. Special exception uses. The following uses are permitted as special exception uses in the B-L Zone: (1) Dwellings, cottage cluster. (2) Motel. (3) Hotel. (4) Inn.
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.