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61 Willie Hl Rd Wells, ME 04090-6832

OFF-MARKET Industrial properties Google Maps
1,810 SF 5.69 ac lot Built 2019
Individually Owned Free & Clear
Estimated value (blended)
$225k
Range $203k – $248k (±10%)
Property ID US42-0744329

Property summary

AI-generated overview

This exceptional commercial property, located at 61 Willie Hill Road in Wells, Maine, presents a unique investment opportunity. The 3,620 square foot building sits on a generous 8.1-acre lot and houses a thriving, established metal recycling business. Developed in 2018, this turnkey operation is offered for sale, including all existing equipment and infrastructure, providing immediate revenue generation for the new owner. The business has a proven track record of growth and is poised for further expansion. Importantly, the site plan has already been approved for additional construction, with the current owner actively adding another building and obtaining permits for yet another structure. This demonstrates a clear path for significant future development and increased operational capacity. The property's location in Wells, ME, offers excellent access to transportation networks and a strong local market. This is a rare chance to acquire a profitable, established business with significant upside potential, ready for immediate operation and future growth. The asking price of $1,800,000 includes the real estate and the fully operational metal recycling business. This is a truly turnkey operation, minimizing the time and effort required to begin generating income. The existing infrastructure and approved expansion plans provide a solid foundation for continued success and substantial return on investment.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2019
Total area 1,810 SF
Lot 5.69 ac (247,856 SF)
Zoning code LI
APN WLLS M:040 L:3-10
UPID US42-0744329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Metal Fabrication Plant Recycling Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

Zoning & alternative use

LI · Wells, ME
Zoning description

Light Industrial District. A. Purpose. The purpose of the Light Industrial District is to provide areas for a wide range of light industrial and large-scale business uses which are clean and nonpolluting. B. Permitted us…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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