259 Post RdWells, ME 04090
- Retail properties
- 5,458 SF
Property Details for 259 Post Rd
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 0.92 AC
- Property size (Sq ft)
- 5,458 SF
- Zone code
- GB
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- WLLS M:108 L:34
- APU
- WLLSM108L34
Description
This exceptional 18,324 square foot commercial property at 259 Post Road, Wells, ME, presents a rare investment opportunity. Situated on approximately one acre of land, this landmark building boasts unmatched visibility and high traffic counts due to its prime Route 1 location. The property includes a long-standing retail space (over 50 years in operation), a spacious barn exceeding 5,000 square feet, offering extensive expansion possibilities. The barn's unique second-level layout, circling a central area, provides versatile space ideal for a variety of uses, including a brewery, restaurant, or other commercial ventures. Light manufacturing with distribution and retail operations are also feasible. Additional features include a substantial refrigerated room (approximately 35' x 50'), multiple storage rooms, a smaller retail or office space, and a large, two-story apartment with separate access. Ample parking is available. The property's high visibility, substantial size, and versatile layout make it an exceptional investment with significant potential for increased revenue through multiple tenants or expansion of existing operations. Showings require a minimum of 24-hour notice and are by appointment only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,326,484
- 6.5%
- $1,224,447
- 7%
- $1,136,987
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,797,118
- Geo Method
- $1,797,118
-
Alternative Use
- Use
- Valuation
- Residential
- $1,032,867
- Hospitality
- $946,101
- Educational
- $787,145
- Medical
- $814,216
- Retail
- $1,224,447
Location Insight
- City
- Wells
- County
- York
- State
- Maine
- Latitude
- 43.2793
- Longitude
- -70.5946
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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