1 Alewive Park RdKennebunk, ME 04043

Property Details for 1 Alewive Park Rd

Year built

1996

Construction

STEEL FRAME

Lot size

1.85 AC

Property size (Sq ft)

11,735 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

KENB M:027 L:020

APU

KENBM027L020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,852,015

  6.5%

  $2,632,629

  7%

  $2,444,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,863,904

  Geo Method

  $3,863,904

• Alternative Use

  Use

  Valuation

  Residential

  $2,220,721

  Hospitality

  $2,034,168

  Educational

  $1,692,404

  Medical

  $1,750,609

  Retail

  $2,632,629

Location Insight

City

Kennebunk

County

York

State

Maine

Latitude

43.408

Longitude

-70.5638

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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