Great Route 1 Location in Wells
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30667121 |
| Property Subtypes: |
Convenience Store, Mixed Use, Restaurant, Street Retail
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
11,540 SF
|
| Gross Land Area: |
2.15 Acres
|
| Sale Price: |
$875,000 |
| Unit Price: |
$75.82 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/20/2021 |
Overview / Comments
|
Great opportunity to buy a highly visible location on Route 1 in Wells. Property was formally a highly successful catering venue and most of the fixtures remained such as the vent hoods and walk in coolers. Would make a great retail convenience store or turn it back into a wedding and catering venue. Over 11,500 square feet of space!
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$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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