Development Lot With All Approvals
Retail-Commercial
for Sale
| Catylist Listing ID: |
30808487 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
|
| Building Status: |
Proposed |
| Building Size (RSF): |
2,076 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.10 Acres
|
| Sale Price: |
$749,000 |
| Unit Price: |
$360.79 PSF |
| Is Quick-Service Restaurant? |
Yes |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Business |
| Usable Size (USF): |
2,076 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/28/2024 |
Overview / Comments
|
Development Lot with full approvals to build a Dairy Queen restaurant with drive-through. Purchase includes the 1.1+/- acre lot, engineered plans, Town of Wells Planning Board approval, and Maine Department of Transportation approval. Located in the heart of the business district in Wells, Maine - across from Hannaford Supermarket, Flagstaff Cinema and Reny's in Wells Plaza. Next to CVS and adjacent to the Hampton Inn. Highly-visible location. Contact listing broker for additional information
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Taxing Authority: |
Town of Wells |
| Tax ID/APN: |
120-2-1 |
| Zoning: |
GB |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
CVS and Hampton Inn |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Route One |
| Feet of Frontage: |
280 |
| Traffic/Vehicle Count: |
18,000 |
| Highway Access: |
US Route One |
| Site Description: |
Ready to develop site with excellent visibility on US Route 1 in the center of the Wells business district. Engineered plans included - contact listing broker for more information |
| Area Description: |
Wells is a highly-sought-after, rapidly growing coastal town in southern Maine with demand for food and services for an expanding year-round population base and extended-season tourist market. People are drawn to the area due to its sparkling beaches, National Estuarine Research Reserve and the Rachel Carsen Preserve. There is increasing demand to call Wells home for residents from other New England states seeking proximity to Boston and Portland, as well as skiing, miles of beaches, nature trails, boating, fishing and outstanding dining. All this and an excellent school system makes Wells the place to invest |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Exterior Description: |
One-story restaurant with interior seating area and drive-through window. Also features exterior seating |
| Parking Type: |
Surface |
| Zoning Description: |
General Business zoning allows a variety of uses. Contact listing broker for information. |
| Lot Frontage: |
280 |
| Lot Depth: |
150 and 180 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,279 |
3,707 |
11,997 |
| Median Age: |
53.57 |
56.54 |
51.03 |
| Households: |
1,078 |
1,784 |
5,317 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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