345 Post Road, Wells

Retail-Commercial for Sale
Catylist Listing ID: 30430720
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 2,597 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $599,000
Unit Price: $230.65 PSF
Property Use Type: Business
Usable Size (USF): 2,597 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2019

Overview / Comments

Development site that allows drive through, or opportunity to rehab/expand three buildings currently on the site. Excellent drive-by visibility on busy US Route 1, Wells. Located one mile from the beach and two miles from Ogunquit Village in a thriving business and residential area. Two buildings are antique, including the street-side former dwelling which was built in 1780/1800, and the "Raspberry Patch" shed built over a hundred years ago and rebuilt in 1993. The buildings are currently not code compliant. Both commercial and residential use is allowed in the flexible General Business District (GB) Zone

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Wells
Tax ID/APN: Tax Map 108, Lot 31
Zoning: GB
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: US Route 1
Feet of Frontage: 250
Site Description: 1.2 acre site that is ideal for development. Public water and sewer hook-up at the street
Area Description: Mixed use with a variety of business use, post office, restaurant, recreation park, housing developments and shops. High traffic count and pedestrian traffic
Total Number of Buildings: 3
Property Condition: Fair
Year Built: 1780
Year Renovated: 1993
Construction/Siding: Wood Frame
Exterior Description: One former dwelling with clapboard siding, one office/retail building with clapboard siding, and one shed with wood shingles
Parking Type: Surface
Parking Description: Some parking on site with additional spaces allowed
Interior Description: Buildings to do not currently meet code
Zoning Description: General Business District is a flexible zone that allows a wide variety of uses, including commercial and residential uses
Lot Frontage: 250
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 554 5,628 11,403
Median Age: 60.19 52.18 50.53
Households: 282 2,623 5,082


Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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