345 US ROUTE 1
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Location
345 US ROUTE 1
Mblu
47/ 1/ / /
Acct#
47/1
Owner
CPG KITTERY HOLDINGS LLC
Assessment
$16,721,000
Appraisal
$16,721,000
PID
2965
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$10,987,700$5,733,300$16,721,000
Assessment
Valuation YearImprovementsLandTotal
2025$10,987,700$5,733,300$16,721,000

Owner of Record
OwnerCPG KITTERY HOLDINGS LLC
Co-OwnerC/O CHELSEA PROPERTY GROUP
AddressPO BOX 6120
INDIANAPOLIS, IN 46206-6120
Sale Price$45,200,000
Certificate
Book & Page 15116/0946
Sale Date03/25/2007
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
CPG KITTERY HOLDINGS LLC$45,200,000 15116/09460003/25/2007
KITTERY COMM ASSOC LAND COMBIN$450,000 6051/00420004/14/1992
KITTERY COMMERCIAL ASSOCIATES$0 3439/0002 12/31/1984

Building Information
Building 1 : Section 1
Year Built: 1983
Living Area: 84,273
Replacement Cost: $13,271,779
Building Percent Good: 58
Replacement Cost
Less Depreciation:
$7,697,600
Building Attributes
FieldDescription
StyleRegnl Shop Cnt
ModelInd/Com Open
GradeAverage
Stories:1
Occupancy25.00
Exterior Wall 1Pre-Fab Wood
Exterior Wall 2Concr/Cinder
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelElectric
Heating TypeForced Air-Duc
AC TypeHeat Pump
Prim Bldg UseSHOPNGMALL
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3230
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Fireplaces 
Basement Area 
Fin Bsmt Area 
FBM Quality 
Basement Type 
Foundation 
Gas Fireplaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 84,273 84,273
CANCanopy 16,848 0
   101,121 84,273
Building 2 : Section 1
Year Built: 1987
Living Area: 27,300
Replacement Cost: $4,633,172
Building Percent Good: 60
Replacement Cost
Less Depreciation:
$2,779,900
Building Attributes : Bldg 2 of 2
FieldDescription
StyleRegnl Shop Cnt
ModelInd/Com Open
GradeAverage
Stories:1
Occupancy7.00
Exterior Wall 1Pre-Fab Wood
Exterior Wall 2Concr/Cinder
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelElectric
Heating TypeForced Air-Duc
AC TypeHeat Pump
Prim Bldg UseSHOPNGMALL
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3230
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Fireplaces 
Basement Area 
Fin Bsmt Area 
FBM Quality 
Basement Type 
Foundation 
Gas Fireplaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 27,300 27,300
CANCanopy 4,944 0
   32,244 27,300

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET27300.00 S.F.$39,3002
SPR1SPRINKLERS-WET82646.00 S.F.$115,0001
NDPNITE DEPOSIT1.00 UNITS$8,1001

Land
Land Use
Use Code3230
DescriptionSHOPNGMALL  
ZoneC-1
NeighborhoodKOD
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)13.61
Frontage0
Depth0
Assessed Value$5,733,300
Appraised Value$5,733,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  200000.00 S.F.$300,0001
LT1LIGHTS-IN W/PL  3.00 UNITS$1,9001
LT10W/DOUBLE LIGHT  14.00 UNITS$26,2001
LT12W/FOUR LIGHTS  6.00 UNITS$19,7001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$10,987,700$5,733,300$16,721,000
2024$5,860,000$14,983,100$20,843,100
2023$5,860,000$20,193,900$26,053,900

Assessment
Valuation YearImprovementsLandTotal
2025$10,987,700$5,733,300$16,721,000
2024$5,860,000$14,983,100$20,843,100
2023$5,860,000$20,193,900$26,053,900

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