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    60 Mile Rd Wells, ME 04090

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    For Sale
    $1,695,000

    Two-story building with restaurant, event space, and residential condo.

    Property size:
    8,684 SF
    Lot size:
    1.00 Acre

    Property Features for 60 Mile Rd

    General Information

    Size
    8,684 SF
    Lot size
    1.00 Acre

    Source: The Boulos Company Agent Joseph Italiaander

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Residential Property in Wells

    Located in Wells, Maine, this property features a two-story building with 8,364 square feet on a 1.0 acre parcel. The property includes approximately 60 on-site parking spaces. The first floor comprises 6,684 square feet of fully equipped restaurant space, complemented by a spacious covered deck for additional seating. The lower level offers a large, open space suitable for hosting events, complete with a full bar, stone fireplace, and a wine cellar. The second floor contains a 2,000 square foot residential condominium with two bedrooms, two bathrooms, and views of Wells harbor. The location offers high visibility and is situated minutes from Wells Beach, near numerous hotels and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Misty Harbor Resort Resort Hotel Battery Steele Kitchen ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Knew Potato Caboose

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.5822139
    Latitude
    43.3049561

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    FAQs

    What type of property is this?
    Restaurant - Two-story building with restaurant, event space, and residential condo.
    Where is this restaurant located?
    The property is located at 60 Mile Rd Wells, ME.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - Fully equipped 6,684+\/- SF restaurant space with covered deck.; - Two-bedroom, two-bathroom, 2,000+\/- SF residential condominium with views of Wells harbor.; - High visibility location minutes from Wells Beach.
    (404) 933-7844
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    60 Mile Rd Wells, ME 04090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Mile Rd Wells, ME 04090
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