For Sale
$1,395,000

209 Sanford Rd Wells, ME 04090

Mixed-use building, high NOI, great investment.

Overview

Added:
Dec 11, 2024
Days on market:
134
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

FAQs

What type of property is this?
Retail property - Mixed-use building, high NOI, great investment.
Where is the retail property located?
The property is located at 209 Sanford Rd Wells, ME.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 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).
How can I contact the broker?
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209 Sanford Rd
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