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Property profile & analytics
FOR SALE
Conventional restaurants

57-59 State Rd Kittery, ME 03904

Built 1985
Property ID
US42-Q000206
Property summary
AI-generated overview

The opportunity to acquire a versatile property, previously operated as a dine-in/take-out restaurant with a seafood retail component, is now available. This prime location is strategically situated along the distinguished epicurean mile on Route 1/State Road, at the entrance to the scenic city of Portsmouth, New Hampshire. The property encompasses 0.76 acres and features a well-maintained building with an approximate area of 5,112 square feet, making it suitable for a wide range of commercial enterprises. Key features of the property include a spacious parking lot with the capacity for 34 vehicles, offering convenient access from both the front and rear of the premises. The building is equipped with some kitchen inventory, public water and sewer services, a robust 600-amp electrical system, and modern LED lighting that enhances visibility and energy efficiency. Furthermore, the heating system utilizes propane gas. An exterior deck could be used to provide patrons with an appealing space to dine outdoors. The thoughtfully designed lower level of the building includes additional storage space, a food preparation area, and dedicated office space. Located within the BL-1 (Business Local) zoning district, this property permits a multitude of potential uses. These may include, but are not limited to, retail operations, hospitality services, building materials sales, garden supply stores, conference centers, and various other commercial applications. bikeScore: 62, Bikeable walkScore: 96, Walker's Paradise

Property profile
Verified
Property type Conventional restaurants
Year built 1985
UPID US42-Q000206
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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