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Waterfront Restaurant with Full Kitchen
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216 Mile Rd, Wells, ME 04090

Established restaurant property with estuary views, multiple dining areas, bar seating, and supporting storage improvements.

Property SizeContact for details
Days on Market144

Property Features for 216 Mile Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: The Boulos Company Portland
Listed By: Christopher Gallagher · License #ME
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 7:24PM

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 The Boulos Company Portland

Investment Insights

Based on property information with market context.

Located at 216 Mile Road in Wells, Maine, this restaurant property includes a meticulously maintained 4,714± SF building and a 700± SF outbuilding on a 1.0± acre parcel. The main facility features a full commercial kitchen, bar and seating area, two dining rooms permitted for approximately 200 patrons, and a second-floor office. The outbuilding adds storage and cooler capacity, while the site provides 62± parking spaces.

The property overlooks a tidal estuary and sits near Wells Beach, with water views from the restaurant site. The offering includes all FF&E and goodwill, along with most of the memorabilia collection. Additional business assets include a loyalty program with 51,000 members, a Facebook page with 21,000 followers, and a website receiving up to 1,200 hits per day.

Key Highlights

  • 4,714± SF restaurant building with a 700± SF supporting outbuilding
  • Full commercial kitchen, bar and seating area, plus two dining rooms
  • Dining areas permitted for approximately 200 patrons

Property Analytics

Current Use

Billy's Chowder House Restaurant

Suggested Use

Top Pick Storage Facility Auto Repair Shop Grocery & Convenience Store Dental Office Bakery (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

205
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

Market

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant property with estuary views, multiple dining areas, bar seating, and supporting storage improvements.
Where is this conventional restaurant located?
The property is located at 216 Mile Rd Wells, ME.
What are key features of this property?
This property features: 4,714± SF restaurant building with a 700± SF supporting outbuilding; Full commercial kitchen, bar and seating area, plus two dining rooms; Dining areas permitted for approximately 200 patrons
(207) 772-1333 Call to check price and availability
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