Retail Building with Large
259 Post Rd Wells, ME 04090
For Sale
Contact for pricing
Retail shop includes a 5,000+ square foot barn with a second-level wraparound, plus refrigerated and storage areas at the rear.
Property Size5,458 SF
Lot Size0.92 Acres
Price / SF$146.57
Days on Market697
Property Features for 259 Post Rd
General Information
- Standard status
- Active
- Size
- 5,458 SF
- Lot size
- 0.92 Acres
- Property subtype
- RETAIL
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-8179
Listed By:
Arthur J Pappas
(207) 475-8179
Source:
Moodyscre
Added: Aug 30, 2024
Changed: Jul 25
Last Checked: Jul 26 at 1:45PM
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This retail building includes an operating retail shop that opens into an expansive barn with over 5,000 square feet of space. The barn’s second level surrounds the center in a 360-degree fashion and looks down to the level below. The rear of the property features a refrigerated room approximately 35’ x 50’, multiple storage rooms, a small retail or office in the front, and a large two-story apartment with separate access.
The property is situated on approximately 0.92 acres +/- with Route 1 frontage and ample parking.
The sale is for the property and all equipment and business assets, except for the soft serve machines, and is sold as-is, as shown. Buyers will have the right to use the name “The Cheese House.” Showings require at least 24 hours’ notice and are conducted by appointment only.
The property is situated on approximately 0.92 acres +/- with Route 1 frontage and ample parking.
The sale is for the property and all equipment and business assets, except for the soft serve machines, and is sold as-is, as shown. Buyers will have the right to use the name “The Cheese House.” Showings require at least 24 hours’ notice and are conducted by appointment only.
Key Highlights
- Approximately 0.92‑acre retail property with 5,000+ SF barn and a second‑level wraparound surrounding the center (360° fashion).
- Rear features an approximately 35' x 50' refrigerated room plus multiple storage rooms.
- Includes a large two‑story apartment with separate access at the rear.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.5k | $18.96 |
| − Vacancy | −$8.8k | −$1.61 |
| EGI | $94.7k | $17.35 |
| − OpEx | −$28.4k | −$5.20 |
| NOI | $66.3k | $12.14 |
5,458 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$946.9K
$828.5K – $1.10M
NOI $66,281 @ 7.0% cap · market cap 8.29%
Second Best
Industrial
$804.0K
$703.5K – $938.1K
NOI $56,283 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,111 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wine & Cheese Shop ...
Specialty Food Shop
Skin's Scoop Ice ...
Grocery & Convenience Store
FAQs
What type of property is this?
Retail space - Retail shop includes a 5,000+ square foot barn with a second-level wraparound, plus refrigerated and storage areas at the rear.
Where is this retail space located?
The property is located at 259 Post Rd Wells, ME.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 0.92‑acre retail property with 5,000+ SF barn and a second‑level wraparound surrounding the center (360° fashion).; Rear features an approximately 35' x 50' refrigerated room plus multiple storage rooms.; Includes a large two‑story apartment with separate access at the rear.
