57-59 State Rd Kittery, ME 03904
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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