Historic Mixed-Use
For Sale
$795,000
1830 Post Road, Wells, ME 04090
Residential and commercial components share a building with separate parking and pedestrian access.
Property Size3,602 SF
Price / SF$220.71
Days on Market152
Property Features for 1830 Post Road
General Information
Standard status
Active
Size
3,602 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
1 x studio/2BA with loft
Multifamily Units
1
Amenities
tin ceilings
maple floors
marsh views
working fireplace
private patio
cathedral ceilings with original wooden beams and knee braces
Building Details
Year Built
1820
Construction
Colonial
Listing Agency:
Portside Real Estate Group
Listed By:
Karen Thompson
(207) 329-6729
Source:
Portsiderealestategroup
Added: May 17
Changed: Oct 13
Last Checked: Oct 14 at 11:19PM
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 Portside Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1820, this 3,602-square-foot Colonial building accommodates both residential and commercial use. Interior details include tin ceilings, maple floors, original wood beams, knee braces, abundant natural light, marsh views, and a working fireplace. Modern heat pumps provide heating and cooling, while a private patio and separate paved parking serve the property.
The building fronts Route 1 with clear sight lines, traffic exposure, and access to a pedestrian sidewalk. Its upper level features cathedral ceilings, and the rear includes a renovated studio apartment with a private entrance and deck. The apartment contains an updated kitchen and dining area, one bedroom, two full bathrooms, and a loft. The layout supports owner occupancy, residential income, commercial use, or a combined operation.
The building fronts Route 1 with clear sight lines, traffic exposure, and access to a pedestrian sidewalk. Its upper level features cathedral ceilings, and the rear includes a renovated studio apartment with a private entrance and deck. The apartment contains an updated kitchen and dining area, one bedroom, two full bathrooms, and a loft. The layout supports owner occupancy, residential income, commercial use, or a combined operation.
Key Highlights
- 3,602‑square‑foot Colonial building constructed in 1820
- Mixed‑use configuration supporting residential and commercial occupancy
- Route 1 frontage with traffic exposure, clear sight lines, and sidewalk access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,666
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,320
$1.1M
Cap Rate 7%
$795,229
$795.2K
Cap Rate 9%
$618,511
$618.5K
Market Conditions
NOI Build-Up for 3,602 SF
Gross rent
$106.8K $29.64/SF
− Vacancy
−$5.6K −$1.54/SF
EGI
$101.2K $28.10/SF
− OpEx
−$45.5K −$12.64/SF
NOI
$55.7K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,320
Cap Rate 7%
$795,229
Cap Rate 9%
$618,511
Alternative Uses
Best Use
Apartment 5plus
$795.2K
$695.8K – $927.8K
NOI $55,666 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$639.1K
$559.2K – $745.6K
NOI $44,737 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.14M
$999.1K – $1.33M
NOI $79,927 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial components share a building with separate parking and pedestrian access.
Where is this mixed-use property located?
The property is located at 1830 Post Road Wells, ME.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,602‑square‑foot Colonial building constructed in 1820; Mixed‑use configuration supporting residential and commercial occupancy; Route 1 frontage with traffic exposure, clear sight lines, and sidewalk access
