For Sale
$2,000,000

1 Alewive Park Rd Kennebunk, ME 04043

High-traffic location, strong tenant mix, high ROI potential.

Overview

Added:
Feb 3
Days on market:
81
This exceptional mixed-use property, situated at 1 Alewive Park Road in Kennebunk, Maine, presents a compelling investment opportunity. Boasting 11,735 square feet on a 1.85-acre lot, this property enjoys a highly desirable location directly across from the I-95 southbound Kennebunk exit, ensuring exceptional visibility and accessibility. The strategic corner location with a signaled intersection guarantees high traffic counts, maximizing exposure for all tenants. The property features a strong tenant mix, anchored by a thriving fitness gym and complemented by a regional physical therapy center, providing a stable and diverse income stream. Ample on-site parking is available for tenants and patrons. Currently operating at a 7.4% capitalization rate, this property offers significant upside potential, with projections indicating a 10% cap rate upon reaching full occupancy. This presents a rare chance to acquire a well-established, high-performing mixed-use asset in a prime Kennebunk location with substantial growth potential. The property's strategic location, strong tenant base, and impressive projected returns make it an ideal investment for discerning buyers seeking a stable and appreciating asset in a thriving Maine market. The asking price is $2,000,000.

Property Details for 1 Alewive Park Rd

Property type
Mixed-use properties
Square Feet
11,735 SF
Year Built
1996
Lot Size (sq. ft)
80,586 SF

Location Insight

City
Kennebunk
County
York
State
Maine
Latitude
43.40807
Longitude
-70.5638

FAQs

What type of property is this?
Mixed-use property - High-traffic location, strong tenant mix, high ROI potential.
Where is the mixed-use property located?
The property is located at 1 Alewive Park Rd Kennebunk, ME.
What is the asking price?
The asking price for this property is $2,000,000.
How can I contact the broker?
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1 Alewive Park Rd
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