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    557 Coles Hill Rd Wells, ME 04090

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    For Sale
    $685,000

    Beloved local restaurant with outdoor seating and equipped kitchen.

    Property size:
    3,447 SF
    Lot size:
    2.45 Acres

    Property Features for 557 Coles Hill Rd

    General Information

    Size
    3,447 SF
    Lot size
    2.45 Acres

    Source: KW Commercial Greater Portland Agent David Costello

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

    Overview

    Turn-Key Restaurant Opportunity

    Merriland Farm Cafe is a local establishment featuring a heated three-season area and 1,267 square feet of outdoor seating space. The property includes a 75-seat dining area and a fully equipped commercial kitchen, making it a turn-key restaurant venture. The main dining area features two fireplaces. The property size is 3,447 square feet. Locals and tourists describe Merriland Farm Cafe as a hidden gem.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Merriland Farm Cafe Restaurant

    Suggested Use

    Restaurant Building Supply Pawn Shop Smoke and Vape Shop Nursing Home Assisted Living Facility Senior Center Diner Adult Day Care Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.584088
    Latitude
    43.3526443

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    FAQs

    What type of property is this?
    Restaurant - Beloved local restaurant with outdoor seating and equipped kitchen.
    Where is this restaurant located?
    The property is located at 557 Coles Hill Rd Wells, ME.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity with a fully equipped commercial kitchen.; - Captivating heated three-season area and **1,267 sq ft of outdoor seating**.; - Charming 75-seat dining area.
    (207) 754-7494
    Request Owner's contact information
    557 Coles Hill Rd Wells, ME 04090
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    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
    557 Coles Hill Rd Wells, ME 04090
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