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1216-1236 Portland Rd 29,536 SF 100% Leased Office Building Kennebunkport, ME 04046 $340,000 ($11.51/SF) 14.12% Cap Rate
Executive Summary
OVERVIEW
An established, owner-operated business with over two decades of consistent operations, strong customer relationships, and a manageable footprint ideal for an owner-operator.
KEY HIGHLIGHTS
• 20+ year operating history
• Loyal and repeat customer base
• Turnkey operations
• Ideal for owner-operator or second-career buyer
OPPORTUNITY
Step into a well-run operation with systems already in place, allowing for a smooth transition and continued success.
COMPLETE OWNERSHIP OPPORTUNITY
A fully integrated opportunity including business operations, equipment, and real estate.
• Established business operations
• Equipment, systems, and infrastructure
• Approx. 2,600 SF commercial condo
This structure allows a new owner to step in and operate immediately, with flexibility to structure the acquisition as a business-only purchase, real estate purchase, or combined package.
FUTURE OPPORTUNITY
Built on a strong, relationship-driven foundation, this business offers the potential for a new owner to enhance visibility, expand outreach, and thoughtfully grow the operation over time.
An established, owner-operated business with over two decades of consistent operations, strong customer relationships, and a manageable footprint ideal for an owner-operator.
KEY HIGHLIGHTS
• 20+ year operating history
• Loyal and repeat customer base
• Turnkey operations
• Ideal for owner-operator or second-career buyer
OPPORTUNITY
Step into a well-run operation with systems already in place, allowing for a smooth transition and continued success.
COMPLETE OWNERSHIP OPPORTUNITY
A fully integrated opportunity including business operations, equipment, and real estate.
• Established business operations
• Equipment, systems, and infrastructure
• Approx. 2,600 SF commercial condo
This structure allows a new owner to step in and operate immediately, with flexibility to structure the acquisition as a business-only purchase, real estate purchase, or combined package.
FUTURE OPPORTUNITY
Built on a strong, relationship-driven foundation, this business offers the potential for a new owner to enhance visibility, expand outreach, and thoughtfully grow the operation over time.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
29,536 SF
Building Class
B
Year Built/Renovated
1984/2006
Price
$340,000
Price Per SF
$11.51
Cap Rate
14.12%
NOI
$48,000
Business Value
$350,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
29,536 SF
Building FAR
1.99
Lot Size
0.34 AC
Zoning
DB-1
Parking
25 Spaces (0.85 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Natural Light
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
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Property Taxes
| Parcel Number | ARUN-000035-000000-000032A-U000001 | Improvements Assessment | $117,100 |
| Land Assessment | $13,100 | Total Assessment | $130,200 |
Property Taxes
Parcel Number
ARUN-000035-000000-000032A-U000001
Land Assessment
$13,100
Improvements Assessment
$117,100
Total Assessment
$130,200
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1216-1236 Portland Rd
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