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51 Western Ave 2,007 - 2,820 SF Office/Retail Condo Units Offered at $749,000 - $1,250,000 Per Unit in Kennebunk, ME 04043
Executive Summary
51 Western Ave is a commercial condominium property located in the Lower Village area of Kennebunk, Maine, along Western Avenue (U.S. Route 9). The property contains multiple adjoining office and retail condominium units within a mixed-use commercial association that includes businesses such as Lower Village Frameworks, Kennebunk Outfitters, Home & Kitchen Concepts, Lindall Cedar Homes and Sunrooms, and All Day Breakfast. The site is situated near the Kennebunk and Kennebunkport village centers and provides access to local commercial services, residential neighborhoods, and the Route 1 corridor. Portland International Jetport is located approximately 25 miles north of the property. The property was built in 1981 and is served by public water and sewer.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
SIX ADJOINING RETAIL/OFFICE CONDOS
- Units 1 through 3, and possibly 4, are available on a sale lease back basis with Hurlbutt Designs seeking a five-year or longer lease in the space they have occupied since 1998. The proposed lease structure is $25.00 per square foot on a triple net basis.
- Units 4 through 6 are available to an owner user with the preference to sell the three units together.
Other businesses in the commercial association include Lindall Cedar Homes and Sunrooms, Lower Village Frameworks, Home & Kitchen Concepts, Kennebunk Outfitters and All Day Breakfast
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
SIX ADJOINING RETAIL/OFFICE CONDOS
- Units 1 through 3, and possibly 4, are available on a sale lease back basis with Hurlbutt Designs seeking a five-year or longer lease in the space they have occupied since 1998. The proposed lease structure is $25.00 per square foot on a triple net basis.
- Units 4 through 6 are available to an owner user with the preference to sell the three units together.
Other businesses in the commercial association include Lindall Cedar Homes and Sunrooms, Lower Village Frameworks, Home & Kitchen Concepts, Kennebunk Outfitters and All Day Breakfast
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1-3 | 2,820 SF | Office/Retail | $1,250,000 ($443.26/SF) | - |
| Unit 4-6 | 2,007 SF | Office/Retail | $749,000 ($373.19/SF) | - |
Unit 1-3
| Unit Size |
| 2,820 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,250,000 ($443.26/SF) |
| NOI |
| - |
Unit 4-6
| Unit Size |
| 2,007 SF |
| Condo Use |
| Office/Retail |
| Price |
| $749,000 ($373.19/SF) |
| NOI |
| - |
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Unit 1-3
| Unit Size | 2,820 SF |
| Condo Use | Office/Retail |
| Price | $1,250,000 ($443.26/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| SIX ADJOINING RETAIL/OFFICE CONDOS<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li>Units 1 through 3, and possibly 4, are available on a sale lease back basis with Hurlbutt Designs seeking a five-year or longer lease in the space they have occupied since 1998. The proposed lease structure is $25.00 per square foot on a triple net basis.<br> </li><li>Units 4 through 6 are available to an owner user with the preference to sell the three units together.<br> Other businesses in the commercial association include Lindall Cedar Homes and Sunrooms, Lower Village Frameworks, Home & Kitchen Concepts, Kennebunk Outfitters and All Day Breakfast</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 4-6
| Unit Size | 2,007 SF |
| Condo Use | Office/Retail |
| Price | $749,000 ($373.19/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| SIX ADJOINING RETAIL/OFFICE CONDOS<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li>Units 1 through 3, and possibly 4, are available on a sale lease back basis with Hurlbutt Designs seeking a five-year or longer lease in the space they have occupied since 1998. The proposed lease structure is $25.00 per square foot on a triple net basis.<br> </li><li>Units 4 through 6 are available to an owner user with the preference to sell the three units together.<br> Other businesses in the commercial association include Lindall Cedar Homes and Sunrooms, Lower Village Frameworks, Home & Kitchen Concepts, Kennebunk Outfitters and All Day Breakfast</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,827 SF | Typical Floor Size | 1,562 SF |
| Property Type | Retail | Year Built | 1840 |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.90 AC |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Floors | 2 | ||
| Zoning | Lower Village Business - Lower Village Business | ||
| Total Building Size | 4,827 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,562 SF |
| Year Built | 1840 |
| Lot Size | 0.90 AC |
| Parking Ratio | 10/1,000 SF |
| Zoning | Lower Village Business - Lower Village Business |
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
