Property profile

6 Ocean Ave Kennebunkport, ME 04046

OFF-MARKET
Retail properties & Spaces
Property ID
US42-0569018
1,270 SF 0.07 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,661 square foot retail building is situated at 6 Ocean Avenue in the vibrant heart of Kennebunkport's Dock Square. The property boasts a highly desirable location with excellent visibility and significant foot and vehicular traffic, ensuring maximum exposure for any business. The building itself is a standalone structure, offering a unique opportunity for a variety of retail uses. Large storefront windows bathe the interior in abundant natural light, creating an inviting and spacious atmosphere. A distinct separate entrance provides flexibility in layout and presents the potential for additional income streams through subleasing or other creative uses. The 0.07-acre lot provides ample space for outdoor displays or seating, further enhancing the property's appeal. This is a rare chance to acquire a premier retail space in one of Maine's most sought-after tourist destinations, making it an ideal investment for both business owners and long-term investors seeking a stable and high-traffic location. The property's prime location and versatile design make it a truly exceptional opportunity in the competitive Kennebunkport market. The asking price is $1,495,000.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1920
Construction FRAME
Total area 1,270 SF
Lot 0.07 ac (3,000 SF)
Zoning code VD
APN KENP M:11 B:11 L:2
UPID US42-0569018

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing Store

Location

6 Ocean Ave Kennebunkport, ME 04046-6002
Kennebunkport metro Census 27000 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

VD · Kennebunkport, ME

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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