209 Sanford RdWells, ME 04090

Property Details for 209 Sanford Rd

Year built

1988

Lot size

0.98 AC

Property size (Sq ft)

2,877 SF

Zone code

RC

Property type

Other commercial real estate

APN

WLLS M:134 L:26

APU

WLLSM134L26

Description

This exceptional mixed-use property in Wells, Maine, presents a compelling investment opportunity. Located at 209 Sanford Rd, this 7,126 square foot building sits on a 0.975-acre lot, offering high visibility and convenient access to the Maine Turnpike. The property boasts a diverse tenant mix, including three separate tenants across four units. The ground floor comprises retail space and a commercial garage, while the second floor features two three-bedroom apartments. Built in 1988, the two-story building is well-maintained and features public water and sewer, four 100-amp meters, and ample parking for 20 vehicles. The property generates a substantial net operating income (NOI) of $110,000, making it an attractive owner-user or investment opportunity. This multi-tenant property offers a modified lease structure and is currently operating at full occupancy. The asking price is $1,395,000. This is a rare opportunity to acquire a versatile and profitable commercial property in a desirable Maine location.

• Alternative Use

  Use

  Valuation

  Residential

  $544,441

  Hospitality

  $498,705

  Educational

  $414,917

  Medical

  $429,186

  Retail

  $645,426

Location Insight

City

Wells

County

York

State

Maine

Latitude

43.3224

Longitude

-70.5912

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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