15 Locke Street

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15 Locke Street

Kennebunkport, ME 04046
Asking Price
$2.17M
Asset Type
Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 15 Locke Street in Kennebunkport.
  • Property is currently known as the 1802 House Bed and Breakfast.
  • The offering price for this Maine lodging facility is $2,175,000.
  • Positioned within a popular coastal tourism and vacation destination.
  • Suitable for experienced hospitality investors or active owner-operators.

What's Special

Priced at $2,175,000, 15 Locke Street presents a hospitality investment in Kennebunkport, Maine. Known as the 1802 House Bed and Breakfast, this property operates within a town recognized for its historical charm and established coastal tourism industry. The site benefits from the consistent seasonal demand typical of southern Maine, attracting visitors drawn to the regional maritime heritage and village atmosphere. This asset functions as a turn-key lodging facility, suitable for investors or owner-operators looking to maintain an existing guest services business in a highly regarded vacation destination. Its position within the local hospitality market allows for immediate integration into the area's well-trafficked travel corridor. The property configuration supports ongoing operations for those seeking a established foothold in the New England tourism sector, offering direct access to the amenities and scenic landscape that define the character of the coastal Maine region.

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NOI
$80,000
Cap Rate
3.68%
DSCR
0.62
Underwater
Cash-on-Cash
-7.53%
Monthly Payment
$10,760.713
Annual Cash Flow
$-49,128.559

Location & Travel Times