61 Willie Hill Road, Wells, Maine
Industrial
for Sale
| Catylist Listing ID: |
30673985 |
| Property Subtypes: |
Light Industrial, Other
|
| Building Size (RSF): |
1,810 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
8.10 Acres
|
| Sale Price: |
$1,800,000 |
| Unit Price: |
$994.48 PSF |
| Ceiling: |
12 ft. Clear |
| Drive In Bays: |
2 Bays |
| Property Use Type: |
Business |
| Usable Size (USF): |
1,810 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/7/2024 |
Overview / Comments
|
Growing, high cash-flow business for metals recycling on 5.69+/- acres with an adjacent lot of 2.41+/- acres. The owner operator constructed the business in 2018 with the plan of building up the business and then selling it and the commercial real estate in a few years. The owner will remain as the general manager for a time period after the sale if a buyer would like to discuss that arrangement. The offering has a recycling yard area, an office/scale house building and a shop/storage building. Permits are include expansion area for the recycling yard. The operating business and the real estate is included in the asking price. The lucrative business has been on a strong growth trajectory since its inception in 2018 and has abundant cash flow. The approved plan has expansion capability for the metals yard that could include other industrial uses because it is located in the IL Zone. Land with IL Zoning is scarce in the town of Wells, and the location of this property near Maine Turnpike Exit 19 is ideal. For more information about the real estate contact Roxane Cole, a referral will be made to the listing business broker for business numbers after receipt of a signed Confidentiality Agreement.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
Map 40 Lots 3 - 10 and 3 - 11 |
| Zoning: |
LI |
| Highway Access: |
Within two miles from Maine Turnpike Exit 19, off from State Routes 109 and 9. |
| Site Description: |
Gravel site with sections of asphalt and concrete slab. Entire site may be paved or have additional concrete slabs. The approve site plan allows expansion. |
| Area Description: |
An emerging industrial area with attractive new light industrial properties. Willie Hill Road is the access road to the Town of Wells Transfer Facility. |
| Total Number of Buildings: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
2018 |
| Construction/Siding: |
Vinyl Siding |
| Heat Type: |
Oil, Other |
| Heat Source: |
Central |
| Interior Description: |
The shop/storage building is a wood-frame, vinyl-sided secure building with two 10' x 10' overhead doors, 6" reinforced concrete slab, FHW oil heat, and a wood boiler. 2 X 8 construction with 8" insulation, 120/240, 200 Amp power. The office/scale house building requires interior finishes. It has a full basement with outside access, and an adjacent reinforced area for scales. Underground utilities extend to the office/scale house building from the shop/storage building. |
| Zoning Description: |
LI, Light Industrial |
| Water Service: |
Well |
| Sewer Type: |
Septic |
| Legal Description: |
Book 17438, Page 879 - 880 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
7,564 |
15,110 |
| Median Age: |
48.38 |
48.39 |
| Households: |
3,280 |
6,558 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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