For Sale
$1,390,000

31 Western Ave Kennebunk, ME 04043

Established Spa Business, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional offering presents a unique opportunity to acquire a thriving spa business and its accompanying real estate in Kennebunk, Maine's desirable Lower Village. The property, located at 31 Western Avenue, encompasses a well-maintained, two-story building totaling 2,950 square feet on a 1.58-acre lot (APN: Map 089, Block 091, Lot 004). Built in 1900, the structure is zoned LVB - Lower Village Business, providing flexibility for future expansion or adaptations. The current business, operating successfully for over 17 years, boasts a loyal clientele of both locals and tourists. Included in the sale are the building and land, fixtures, furniture, and equipment (FF&E), and the established goodwill of the business. Currently operating four days a week, there's significant potential to increase revenue by expanding operating hours, particularly during peak seasons. The second floor offers ample space for expansion, allowing for additional treatment rooms or services. This turnkey operation presents a rare combination of a profitable business and a valuable real estate asset in a highly sought-after location. The asking price for this complete package is $1,390,000. This is an exceptional opportunity for an investor seeking a profitable, established business with significant growth potential.

Highlights

  • $1,390,000 asking price for a well-established spa and retail property in Kennebunk, Maine.
  • 2,950 square foot building on a 1.58-acre lot, with 1 building and 2 stories.
  • Established spa business included, operating for over 17 years with a loyal customer base.
  • Located in Kennebunk's Lower Village, zoned LVB (Lower Village Business).
  • Building features potential for expansion on the second floor.
  • Currently operating 4 days a week, offering significant upside potential for increased service days.

Property Details for 31 Western Ave

Property type
Retail properties
Square Feet
2,950 SF
Year Built
1900
Buildings
1
Stories
2
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Kennebunk
County
York
State
Maine
Latitude
43.359370019857
Longitude
-70.483883431692

FAQs

What type of property is this?
Retail property - Established Spa Business, Prime Location
Where is the retail property located?
The property is located at 31 Western Ave Kennebunk, ME.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: $1,390,000 asking price for a well-established spa and retail property in Kennebunk, Maine.; 2,950 square foot building on a 1.58-acre lot, with 1 building and 2 stories.; Established spa business included, operating for over 17 years with a loyal customer base.
How can I contact the broker?
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31 Western Ave
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