773 Post RdWells, ME 04090

  • Other commercial real estate
  • 1,787 SF
For Sale

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
773 Post Rd, Wells, Maine

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

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
$8,342
$452,780
$946,820
$1,399,600
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].