Wells Ocean Avenue Development
835 Ocean Avenue Wells, ME 04090
835 Ocean Avenue, Wells, ME, 04090
$1,395,000
For Sale
$1,395,000
LAND - Wells, ME
Lot Size0.50 Acres
Days on Market67
Property Features for 835 Ocean Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- RB
- Pets allowed
- No
- Standard status
- Active
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5075
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing Agency
Anchor Real Estate
(207) 361-5007
646 US Route 1, York, ME
Listed by
Anchor Real Estate
(207) 361-5007
Added: May 12 Checked: Jul 17 at 12:06 pm
MLS# 1656918
Listing URL
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Investment Insights
Based on property information with market context.
Located on Ocean Avenue in Wells, this half-acre corner lot at Ocean Avenue and Eldridge Road presents a development opportunity within walking distance to the beach. The site benefits from seasonal marsh views, public water and sewer services, and a completed preliminary survey. The property is zoned RB. Subject to local approvals, the site offers flexibility for redevelopment, including replacing the existing structure with a new single-family home or duplex, subdividing the parcel into three single-family lots, or creating two conforming lots, each capable of supporting a single-family home or duplex. The site may accommodate up to four total units, offering potential exit strategies such as build-and-sell, condominium development, long-term hold, or owner-occupancy with additional units for resale or income. The property represents an attractive land basis per possible unit relative to other coastal opportunities. Future changes to accessory dwelling unit (ADU) regulations may further enhance the property's versatility and overall value. The property is located in York County, Maine, with a postal code of 04090.
Key Highlights
- Rare development opportunity on Ocean Avenue, short walk to the beach.
- Flexible development options: single‑family home, duplex, or subdivision into multiple lots.
- Potential for up to four units, offering attractive land basis per unit.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - Half-acre lot near the beach with redevelopment potential.
Where is this residential land & home lot located?
The property is located at 835 Ocean Avenue Wells, ME.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Rare development opportunity on Ocean Avenue, short walk to the beach.; Flexible development options: single‑family home, duplex, or subdivision into multiple lots.; Potential for up to four units, offering attractive land basis per unit.
