Route 1, Wells, ME: Retail / Office / Adaptive Re-Use

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Special Purpose
Catylist Listing ID: 30733401
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 19,552 SF
Gross Land Area: 1.88 Acres
Sale Price: $2,850,000
Unit Price: $145.77 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 655 Post Road, Wells, ME
Usable Size (USF): 19,552 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/5/2022

Overview / Comments

Attractive and well-maintained buildings with great visibility on
Post Road (US Route 1)

Retail Center will be vacant at the time of sale. The property could
be used for a single business or multiple businesses (retail building is 14,000± SF)

Warehouse/Office building currently consists of 1st floor warehouse space and offices on the 2nd floor (office/warehouse building is 5,512± SF)

Both buildings are suitable for many commercial endeavors and
have multi-tenant potential (zoned General Business District)

Ample parking and large pylon sign at entrance on US Route 1

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 00114-035. -
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Largest Nearby Street: Route 1
Feet of Frontage: 269
Traffic/Vehicle Count: 17,400
Highway Access: Close proximity to Interstate 95
Site Description: Well-maintained, well-landscaped, attractive property with high visibility and large signage.
Area Description: The main stretch of Route 1 in Wells, Maine
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Construction/Siding: Vinyl Siding
Total Parking Spaces: 80
Parking Type: Surface
Parking Description: Ample on-site parking
Sprinklers: None
Heat Type: Propane
Heat Source: Ceiling Units
Zoning Description: General Business District (GB)
Lot Frontage: 269
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,833 4,182 12,217
Median Age: 54.86 56.71 51.79
Households: 1,360 2,032 5,488


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