For Sale
$1,395,000

209 Sanford RdWells, ME 04090

Mixed-use building, high NOI, great investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property in Wells, Maine, presents a compelling investment opportunity. Located at 209 Sanford Rd, this 7,126 square foot building sits on a 0.975-acre lot, offering high visibility and convenient access to the Maine Turnpike. The property boasts a diverse tenant mix, including three separate tenants across four units. The ground floor comprises retail space and a commercial garage, while the second floor features two three-bedroom apartments. Built in 1988, the two-story building is well-maintained and features public water and sewer, four 100-amp meters, and ample parking for 20 vehicles. The property generates a substantial net operating income (NOI) of $110,000, making it an attractive owner-user or investment opportunity. This multi-tenant property offers a modified lease structure and is currently operating at full occupancy. The asking price is $1,395,000. This is a rare opportunity to acquire a versatile and profitable commercial property in a desirable Maine location.

Highlights

  • Exceptional mixed-use investment opportunity in Wells, Maine.
  • 7,126 square foot building on a 0.975-acre lot with high visibility and easy Maine Turnpike access.
  • Three tenants across four units: ground floor retail/commercial garage, second floor apartments (two 3-bedroom units).
  • Well-maintained 1988 building with public utilities, four 100-amp meters, and 20 parking spaces.
  • $110,000 annual net operating income (NOI), currently at full occupancy with modified lease structure.
  • Asking price: $1,395,000.

Property Details for 209 Sanford Rd

Property type
Retail properties, Mixed-use properties
Square Feet
7,126 SF
Year Built
1988
Buildings
1
Stories
2
Units
4

Location Insight

City
Wells
County
York
State
Maine
Latitude
43.321899353423
Longitude
-70.590842552143
209 Sanford Rd, Wells, Maine

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209 Sanford Rd
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