57-59 State Rd - Medical FOR SALE


Kittery, ME 03904
$1,300,000 USD
207-370-5406
57-59 State Rd, Kittery, ME for Sale
$1,300,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

NEW


57-59 State Rd
Kittery, ME 03904


OVERVIEW

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. This represents a significant opportunity to invest in a prime piece of real estate within a prosperous community with considerable potential for growth and success.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Versatile Commercial Opportunity in Kittery

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,105 SF

ZONING

BL-1

APN/PARCEL ID

KITT-000008-000000-000029

ASK ABOUT THIS PROPERTY

Anne Erwin Real EstateAnne Erwin Sotheby's International RealtyMore Info
207-370-5406

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Anne Erwin Real EstateAnne Erwin Sotheby's International RealtyMore Info
207-370-5406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.