Billy's Chowder House | Real Estate & Business For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30857688
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,714 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment, Business
Building Name: Billy's Chowder House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2024

Overview / Comments

The Boulos Company is pleased to present the rare opportunity to acquire one of the most successful waterfront restaurants in York County. Billy’s Chowder House is a Wells institution with a spectacular, one-of-a-kind location, and sweeping views of the tidal estuary just steps from Wells Beach. The restaurant boasts a strong, loyal customer base and as a local favorite, serves large crowds year-round. 216 Mile Road consists of a meticulously maintained 4,714± SF restaurant building, along with a 700± SF outbuilding, providing additional storage and coolers, situated on a 1.0± parcel with 62± parking spaces. There is a full commercial kitchen, large bar/seating area, and two additional dining rooms permitted to seat 200± patrons. The second floor consists of a small office. Situated by itself at the midpoint of Mile Road in Wells, this is a high traffic location with incredible visibility and 360 degree water views. All FF&E and goodwill, including most of the extensive memorabilia collection, as well as a loyalty program boasting 51,000 members, a Facebook page with 21,000 followers, and a website that receives up to 1,200 hits a day, are included in the sale. Offered for the first time in 35 years, this property is ideal for an owner/user interested in taking the reins at one of the most iconic restaurants on the coast or following their own vision for a quintessential Maine location.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31270_00122-041. -
Zoning: RP
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Route One and Wells Beach
Property Visibility: Excellent
Largest Nearby Street: Route One
Area Description: A spectacular, one-of-a-kind location with sweeping views of the tidal estuary just steps from Wells Beach.
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1950
Total Parking Spaces: 62
Parking Type: Surface
Parking Description: Ample on-site parking
Lot Frontage: 400
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 608 4,237 11,997
Median Age: 58.09 54.5 51.03
Households: 304 1,985 5,317

Contact

Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
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