1574 Post Rd - Restaurant FOR SALE


Wells, ME 04090
$1,399,000 USD
207-467-5877
1574 Post Rd, Wells, ME for Sale
$1,399,000 USD
Restaurant - FOR SALE
1/15
null | 5.87% Cap Rate

1574 Post Rd
Wells, ME 04090


HIGHLIGHTS

  • Located on a busy corner in Wells’ General Business District with dual entrances for ease of access.
  • High visibility from Post Road (U.S. Route 1), benefitting from strong seasonal and local traffic flow.
  • Suitable for a broad range of users including retail, office, and wellness concepts.
  • Equipped with modern utilities and accessibility features, including handicap ramp entry.

OVERVIEW

NOI has significant upside* 1st Floor consists of 2 commercial units, of which both are currently leased to owner's businesses and at a significant lease rate discount. * Owner will vacate upon sale. New Owner would gain from market rate leasing, suggesting $25-$30/sf NNN. 1st floor commercial unit consists of a 900-1,000sf office/luxury staff lounge (lease $24,000 yr) and a 2,300 sf Bar/Lounge (lease $24,000 yr). 2nd Floor consists of: 1,600sf, residential, leased as an Airbnb seasonally. Winter rental Sept 15-May 15 $20,000, Airbnb summer income range $28,400. General Business District. Major Intersection of 109 and US Rt 1, this property is easy access to turnpike, beaches, shops, services and restaurants, combining excellent connectivity and strong visibility in a busy mixed commercial corridor. Exceptional visibility & attractive for businesses seeking customer engagement and exposure. The site features flexible interior space suitable for retail, office, or wellness concepts and offers modern utilities including forced air heating, ample parking, dual entrances, and accessible design--including a handicap ramp--support tenant usability and strengthen consumer reach for year-round and seasonal activity. There may also be a larger neighboring assemblage opportunity available for the right developer. This would be a potential 4-parcel commercial assemblage at Route 1 / Route 109, estimated at approximately 2.5+ acres. Exact acreage would need to be confirmed.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

GB

APN/PARCEL ID

WLLS-000135-000000-000001

ASK ABOUT THIS PROPERTY

Suzanne McKechnieMcKechnie Commercial RealtyMore Info
207-467-5877

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Suzanne McKechnieMcKechnie Commercial RealtyMore Info
207-467-5877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.