ICONIC Wells Maine property-Route 1 Presence- Distinct & Unique

Retail-Commercial for Sale
Catylist Listing ID: 30610689
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 10,402 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $110.56 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/19/2020

Overview / Comments

Here is the chance to own a true landmark property, widely known for decades in Southern Maine. This very distinct building is impossible to miss as the front resembles a giant wheel of cheese with a life-sized mouse set atop of it.
The expansive barn that is attached offers endless possibilities for use and has much unused second floor space that offers a 360 degree balcony overlooking the ground level. Currently, a 1,000 square foot (approx) walk-in cooler offers full glass door retail-style fronts with more cooled storage behind than you could ask for, no matter the use you have in mind.
Once a distribution hub for a large New England cheese distributor, this has also long been home to a very popular tourist and locals wine and cheese shop offering thousands of different specialty wines and cheeses.
This property would lend itself to any number of uses. It offers unobstructed and prominent route 1 presence, close proximity to all recreation, beaches, lodging and shopping that Ogunquit/Wells has to offer as well as an approximate average VPD (vehicles per day) around 20,000.
Bring your business or ideas and watch them flourish here. A market, restaurant, gift shop, wine & cheese specialty shop or all of the above would be just a few great uses for this iconic property. There is also an apartment within the property that could make for rental potential or an owner-occupant.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 00108-034. -
Zoning: GENERAL BUSINESS
Lot Frontage: 230 feet approx

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 554 5,628 10,519
Median Age: 60.19 52.18 50.91
Households: 282 2,623 4,725

Contact

Photograph of Listing Agent

Arthur J Pappas

Keller Williams Coastal Realty
NECPE Member
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