773 Post RdWells, ME 04090
- Other commercial real estate
- 1,787 SF
Property Details for 773 Post Rd
- Year built
- 1883
- Lot size
- 1.22 AC
- Property size (Sq ft)
- 1,787 SF
- Zone code
- GB
- Property type
- Other commercial real estate
- APN
- WLLS M:117 L:53
- APU
- WLLSM117L53
Description
This 12,482 sq ft Southern Maine Inn, located at 773 Post Rd, Wells, ME 04090, presents a unique investment opportunity. Situated on 1.22 acres of beautifully landscaped grounds along the heavily traveled US Route 1 corridor, this established lodging facility boasts 17 keys, including a mix of traditional guest rooms and private cottages catering to diverse guest needs. The property includes four single-room cottages, two one-bedroom cottages, and one two-bedroom cottage. Motel rooms consist of four efficiency rooms (recently renovated), five standard rooms, and one room with a kitchenette. Additional features include a heated pool, guest grills, and common areas. Onsite accommodations include a one-bedroom employee apartment and a spacious two-bedroom, two-bath manager's apartment complete with a full kitchen and living room. Recent capital improvements encompass renovated efficiency rooms, new keypad locks for remote check-in, new beds and mattresses in most rooms, enhanced landscaping including newly planted trees, a new website, and the initiated winterization of cottages via underground waterlines, presenting significant upside potential. This well-established hotel is ideally positioned to capitalize on the thriving Southern Maine tourism market, offering a compelling return on investment in a highly desirable vacation area. The property's convenient location, diverse room offerings, and recent upgrades make it an attractive prospect for both seasoned investors and newcomers to the hospitality sector.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $338,170
- Hospitality
- $309,762
- Educational
- $257,718
- Medical
- $266,582
- Retail
- $400,895
Location Insight
- City
- Wells
- County
- York
- State
- Maine
- Latitude
- 43.2959
- Longitude
- -70.5876
- 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
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