259 Post RdWells, ME 04090

  • Retail properties
  • 5,458 SF
For Sale
$1,050,000 View listing

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
259 Post Rd, Wells, Maine

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,748
$365,350
$431,230
$796,580
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-
-
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