259 Post RdWells, ME 04090

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

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.

• 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

FAQs

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