Pizza Restaurant
For Sale
$850,000
743 N North Berwick Rd, Wells, ME 04090
Restaurant property with dining room, equipped kitchen, and on-site parking.
Property Size2,200 SF
Price / SF$386.36
Days on Market50
Property Features for 743 N North Berwick Rd
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
28
Building Details
Year Built
1986
Listing Agency:
RE/MAX Realty One
Listed By:
Dawson Sibley · License #SA924953
(207) 333-0400
Source:
Samonasgroup
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 3:09PM
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
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Investment Insights
Based on property information with market context.
This conventional restaurant property contains approximately 2,200 square feet and is currently configured for pizza service. The building includes a dining area and a fully equipped kitchen, providing an existing restaurant layout for continued operations or adaptation. Constructed in 1986, the property also offers 28 on-site parking spaces.
Located at 743 N North Berwick Rd in Wells, Maine, the restaurant sits in a high-traffic setting with customer access and visibility identified as key site features. The established layout combines front-of-house dining space with back-of-house kitchen facilities in a standalone commercial property.
Located at 743 N North Berwick Rd in Wells, Maine, the restaurant sits in a high-traffic setting with customer access and visibility identified as key site features. The established layout combines front-of-house dining space with back-of-house kitchen facilities in a standalone commercial property.
Key Highlights
- Approximately 2,200 square feet of restaurant space
- Configured as a pizza restaurant with dining area and fully equipped kitchen
- 28 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,608
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,160
$532.2K
Cap Rate 7%
$380,114
$380.1K
Cap Rate 9%
$295,644
$295.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$39.6K $18.00/SF
− Vacancy
−$4.1K −$1.87/SF
EGI
$35.5K $16.13/SF
− OpEx
−$8.9K −$4.03/SF
NOI
$26.6K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,160
Cap Rate 7%
$380,114
Cap Rate 9%
$295,644
Alternative Uses
Best Use
Specialty Retail
$380.1K
$332.6K – $443.5K
NOI $26,608 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.4K
$610.2K – $813.6K
NOI $48,817 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with dining room, equipped kitchen, and on-site parking.
Where is this conventional restaurant located?
The property is located at 743 N North Berwick Rd Wells, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 2,200 square feet of restaurant space; Configured as a pizza restaurant with dining area and fully equipped kitchen; 28 on‑site parking spaces
