Billy's Chowder House | Real Estate & Business For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30876222 |
| 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: |
9/3/2024 |
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.
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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 |
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 |
|
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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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