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Restaurant with Outdoor Patio

124 Post Road, Wells, ME 04090

For Sale
$3,800,000

A full-service dining operation is equipped for indoor, patio, and takeout service.

Property Size4,808 SF
Price / SF$790.35
Days on Market1223

Property Features for 124 Post Road

General Information

Standard status Active
Size 4,808 SF
Property subtype Commercial
Zoning GB

Site & Location

Highway Access Yes
Road Access Yes

Restaurant

Seating Capacity 125
Patio Yes

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $7,498

Amenities

fireplace hearth
take out window

Building Details

Building Size 4,808 SF
Year Built 1981
Stories 2
Listing Agency: RE/MAX Realty One
Listed By: Donald Wunder · License ME BR905786
Source: Integrityhomesrealestategroup
Added: Jul 8, 2023 Changed: Nov 11 Last Checked: Nov 11 at 2:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty One

Rey
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Investment Insights

Based on property information with market context.

This 4,808-square-foot restaurant in Wells seats 125 and includes a recently renovated dining room, a substantial bar, and an outdoor patio. The bar connects the interior and exterior dining areas, while a fireplace hearth anchors the indoor room. A commercial kitchen and permitted takeout window support food service beyond the dining areas, and on-site parking serves restaurant visitors.

The property is on Route 1 near the Ogunquit town line and is zoned GB. Built in 1981, the restaurant combines indoor dining, outdoor seating, bar service, and takeout in one establishment.

Key Highlights

  • 4,808‑square‑foot restaurant with seating for 125
  • Outdoor patio and an indoor dining room with a fireplace hearth
  • Bar serves both indoor and outdoor dining areas

Property Analytics

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Current Use

The New England House ... Restaurant

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Parts Store Auto Repair Shop Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby
Well-served
Demand for This Use

Demographics for 04090, ME

11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Restaurants in York County, ME

$291 Jul
$323 Aug
$351 Sep
$303 Oct

Properties on Market for Restaurants in York County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Restaurant - A full-service dining operation is equipped for indoor, patio, and takeout service.
Where is this restaurant located?
The property is located at 124 Post Road Wells, ME.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 4,808‑square‑foot restaurant with seating for 125; Outdoor patio and an indoor dining room with a fireplace hearth; Bar serves both indoor and outdoor dining areas
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