209 Sanford Road, Wells

Retail-Commercial for Sale
Catylist Listing ID: 30659198
Property Subtypes: Vehicle Related
Building Size (RSF): 7,126 SF
Gross Land Area: 0.98 Acres
Sale Price: $1,800,000
Unit Price: $252.60 PSF
Property Use Type: Business
Building Name: Archie's Off-Road & Performance Center
Usable Size (USF): 7,126 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2021

Overview / Comments

Purchase to operate the business and live on site, or real estate investors can turn the property into a lucrative AirBnB rental. High visibility business and commercial/residential property located in the center of Wells, Maine; across from the Wells Town office, the entrance to Wells High School, less than one mile from Maine Turnpike Exit 19 and half a mile from Wells Corner. Very attractive real estate in excellent condition consisting of retail, office, storage and service areas on the first floor, and two apartments above. The front apartment is approximately 1,953+/- square feet that is occupied by the business owners. It is a pleasant dwelling with three bedrooms and one bath. The nice apartment in the rear building is used by family and is approximately 1,536+/- square feet with 3 bedrooms and one bath. The original building was built in 1988 and an addition was added in 2006. Wells is a growing seacoast town with an increasing population, award-winning schools, Southern Maine Community College, the popular Rachel Carson Wildlife Preserve, Old Marsh Country Club and sparkling beaches. Not only is this a very established and successful business location in the center of the community, it is a convenient location to live and is only a 1.4 mile walk or ride to the Wells Harbor recreation area for beaching, kayaking, dining, boating and birding

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Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Town of Wells
Tax ID/APN: 0134/026
Zoning: RCD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Half a mile from Wells Corner and less than a mile from Maine Turnpike Exit 19
Property Visibility: Excellent
Largest Nearby Street: Sanford, Route 109
Feet of Frontage: 170
Highway Access: Half a mile from Route 1 and less than a mile from Maine Turnpike Exit 19
Site Description: Building and parking lot front on Sanford Road (Route 109). The retail store is accessible from the front of the building with the service section at the rear of the building in the 2006 addition to the original building that was constructed in 1988
Area Description: Located in the center of Wells across from the Town Office and Wells High School. Less than half a mile from Wells Corner, a thriving business area, and nearby the Rachel Carson Preserve and Wells Harbor recreation area for boating, birding, swimming and kayaking
Tenancy: Multiple Tenants
Number of Stories: 2
Year Built: 1988
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Vinyl siding
Parking Type: Surface
Sprinklers: None
Heat Type: Oil
Heat Source: Radiant
Interior Description: Very professional retail area, office area, receiving/storage area and service shop. On the second floor are two pleasant apartments - one occupied by the owner and the other by family
Zoning Description: Residential-Commercial District that allows a wide variety of business uses and residential use
Lot Frontage: 170 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,121 13,572
Median Age: 53.03 50.52
Households: 2,342 6,135

Contact

Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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