Rt 1 Wells Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30339403
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 42,739 SF
Sale Price: $725,000
Unit Price: $151.04 PSF
Property Use Type: Investment, Business
Sale Terms: Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/10/2018

Overview / Comments

Alfredos is a recognized name in the Pizza world and has served both tourists and locals for 14 years. It sits on one acre with a 4800 building that has a full service restaurant equipment &smallwares to open with a little organizing under your concept or your future tenants'. There is an outside patio for serving as well with over 900 sq ft. It also has a two bedroom apartment for income and or personal use.
Parking is ample.
The site is a corner location on the busiest corner in Wells , Maine. Rt 109 spills all traffic onto the site coming off Rt 95 Turnpike.The site has been designed for a retail building , bank and or restaurant with a retail unit attached to the existing restaurant making this a good investment. The corner is well serviced by a traffic light and is across the street from the new state of the art Police and Fire Stations.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $4,583 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Wells
Tax ID/APN: WLLS-000135-000000-000001
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Kennebunk and York Maine
Property Visibility: Excellent
Largest Nearby Street: Rt 1
Feet of Frontage: 350
Traffic/Vehicle Count: 24,000
Highway Access: Off Rt 95 exit
Site Description: At the corner of two of the busiest roads in York County. Entry for Rt 109 and Post Rd. This high visibility site is perfect for a restaurant and attached retail spaces , Bank, ATM, Offices.
Area Description: Wells is one of the fastest growing towns in the State. It is heavily frequented by tourists as well as new move ups from other States who like the quality of life and safety as well as the immediate access to the finest beaches in Maine. The corner is serviced by two accesses and is highly visible, There is a lighted pylon sign on the road that faces both North and South. The land is such that it could be developed to a different use such as a bank or retail center and or Gas Station.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,800 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Ratio: 2.2 (per 1000 SF)
Parking Type: Structure, Surface
Sprinklers: None
Heat Type: Electricity, Propane
Heat Source: Ceiling Units, Other
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable
Lot Frontage: 350
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,715 14,397
Median Age: 52.43 51.05
Households: 3,007 6,527

Contact

Photograph of Listing Agent

Arthur J Pappas

Keller Williams Coastal Realty
NECPE Member
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