Technical
Financial
Distress signals
Property profile

57-59 State Rd Kittery, ME 03904

OFF-MARKET
Other retail properties
Property ID
US42-0552511
5,112 SF 0.76 ac lot Built 1985
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 0.76-acre commercial site in York County, located in Kittery, ME 03904, at the entrance to Portsmouth, New Hampshire, along Route 1/State Road (“epicurean mile”). It includes a well-maintained building of approximately 5,112 square feet that was formerly configured as a dine-in/take-out restaurant with a seafood retail component and is suitable for a range of commercial uses. The site features a parking lot accommodating approximately 34 vehicles with access from both the front and rear. The building includes kitchen-related areas, an exterior deck that could support outdoor dining, and utilities including public water and sewer service, a 600-amp electrical system, LED lighting, and a propane gas heating system. Interior spaces include a lower level with additional storage, a food preparation area, and office space. The property is located in the BL-1 (Business Local) zoning district, which permits uses such as retail operations, hospitality services, building materials sales, garden supply stores, conference centers, and other commercial applications.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1985
Construction FRAME
Total area 5,112 SF
Lot 0.76 ac (33,106 SF)
Zoning code B-L1
APN KITT M:008 L:029
UPID US42-0552511

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

57-59 State Rd Kittery, ME 03904
Kittery metro Census 38002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$955k
Comparable Approach Comparable
$528k
Blend (final) Blend
$295k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
1969
Price N/A

Zoning & alternative use

B-L1 · Kittery, ME
Zoning description

Business - Local 1 (B-L1). A. Purpose. The purpose of the Business - Local 1 B-L1 Zone is to encourage a compact village design pattern that will serve as a focal point for the provision of local sales, urban residences,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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