773 Post RdWells, ME 04090

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

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.

• 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

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