Great Route 1 Location in Wells
Retail-Commercial
for Sale
Catylist Listing ID: |
30667121 |
Property Subtypes: |
Convenience Store, Mixed Use, Restaurant, Street Retail
|
Building Size (RSF): |
11,540 SF
|
Gross Land Area: |
2.15 Acres
|
Sale Price: |
$875,000 |
Unit Price: |
$75.82 PSF |
Ceiling: |
10 ft. |
Property Use Type: |
Investment |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
4/14/2021 |
Overview / Comments
Great opportunity to buy a highly visible location on Route 1 in Wells. Property was formally a highly successful catering venue and most of the fixtures remained such as the vent hoods and walk in coolers. Would make a great retail convenience store or turn it back into a wedding and catering venue. Over 11,500 square feet of space!
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Financials
Finance Data Year |
2020 |
Real Estate Taxes - Annual($) |
$8,946 (Annual) |
Additional Details
Nearest MSA: |
Portland-South Portland |
County: |
York |
Taxing Authority: |
Town of Wells |
Tax ID/APN: |
0147/002 |
Zoning: |
GB |
Retail Clientele: |
General, Business |
Property Visibility: |
Excellent |
Feet of Frontage: |
430 |
Traffic/Vehicle Count: |
10,560 |
Highway Access: |
Route 1 Frontage |
Site Description: |
Single level facility that could be used for most uses. ADA access and formerly a catering venue. |
Tenancy: |
Single Tenant |
Total Number of Buildings: |
1 |
Number of Stories: |
1 |
Typical SF / Floor: |
11,540 SF |
Property Condition: |
Good |
Year Built: |
1965 |
Year Renovated: |
2005 |
Roof Type: |
Gable |
Construction/Siding: |
Wood Siding |
Total Parking Spaces: |
50 |
Parking Type: |
Surface |
Parking Description: |
Site plan attached showing parking |
Sprinklers: |
None |
Heat Type: |
Oil, Other |
Heat Source: |
Central |
Air Conditioning: |
Package Unit |
Internet Access: |
Cable |
Interior Description: |
Nicely finished. Former use had a large modern kitchen that is still mostly intact. Could easily be divided into two or more spaces. |
Zoning Description: |
General Business |
Lot Frontage: |
430 |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
1,404 |
8,246 |
18,017 |
Median Age: |
53.76 |
51.04 |
49.8 |
Households: |
625 |
3,691 |
7,944 |
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