Freestanding Retail
For Sale
$1,299,000
2049 Post Rd, Wells, ME 04090
Two-story post-and-beam structure with cathedral ceilings, accessory space, and flexible commercial functionality.
Property Size4,706 SF
Price / SF$276.03
Days on Market68
Property Features for 2049 Post Rd
General Information
Standard status
Active
Size
4,706 SF
Building Details
Year Built
1978
Listing Agency:
eXp Realty LLC - Corporate Office
Listed By:
The Prosperity Group
(888) 854-7493
Source:
Fhghomesnh
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 15 at 3:05AM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
This two-story retail property features a distinctive post-and-beam design, soaring cathedral ceilings, and a layout adaptable to retail, office, restaurant, showroom, wellness, and service-oriented operations. A detached accessory building adds garage space and unfinished area for additional utility. On-site parking accommodates approximately 20 vehicles.
The property occupies a corner position along Route 1 in Wells, with approximately 148 feet of frontage on Post Road. The surrounding area includes established businesses, restaurants, beaches, and local attractions, with year-round traffic supplemented by seasonal tourism. Built in 1978, the building offers a flexible commercial setting for a range of business formats.
The property occupies a corner position along Route 1 in Wells, with approximately 148 feet of frontage on Post Road. The surrounding area includes established businesses, restaurants, beaches, and local attractions, with year-round traffic supplemented by seasonal tourism. Built in 1978, the building offers a flexible commercial setting for a range of business formats.
Key Highlights
- 4,310 SF two‑story building with post‑and‑beam construction
- Approximately 148 feet of frontage on Post Road along Route 1
- Detached accessory building with garage space and unfinished area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,084
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,680
$1.5M
Cap Rate 7%
$1,101,200
$1.1M
Cap Rate 9%
$856,489
$856.5K
Market Conditions
NOI Build-Up for 4,706 SF
Gross rent
$117.5K $24.96/SF
− Vacancy
−$14.7K −$3.12/SF
EGI
$102.8K $21.84/SF
− OpEx
−$25.7K −$5.46/SF
NOI
$77.1K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,680
Cap Rate 7%
$1,101,200
Cap Rate 9%
$856,489
Alternative Uses
Best Use
Office B
$1.10M
$963.6K – $1.28M
NOI $77,084 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$816.4K
$714.4K – $952.5K
NOI $57,149 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,424 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
92
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story post-and-beam structure with cathedral ceilings, accessory space, and flexible commercial functionality.
Where is this retail space located?
The property is located at 2049 Post Rd Wells, ME.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4,310 SF two‑story building with post‑and‑beam construction; Approximately 148 feet of frontage on Post Road along Route 1; Detached accessory building with garage space and unfinished area
