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Versatile Commercial Opportunity in Kittery 57-59 State Rd 5,112 SF Vacant Office Building Kittery, ME 03904 $1,300,000 ($254.30/SF)



EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,112 SF
Building Class
C
Year Built
1985
Price
$1,300,000
Price Per SF
$254.30
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,556 SF
Building FAR
0.15
Lot Size
0.76 AC
Zoning
BL-1
Parking
34 Spaces (6.65 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
1 1
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | KITT-000008-000000-000029 | Improvements Assessment | $318,400 |
| Land Assessment | $231,300 | Total Assessment | $549,700 |
PROPERTY TAXES
Parcel Number
KITT-000008-000000-000029
Land Assessment
$231,300
Improvements Assessment
$318,400
Total Assessment
$549,700
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Versatile Commercial Opportunity in Kittery | 57-59 State Rd
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