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    557 Coles Hill Rd Wells, ME 04090

    Sponsored
    For Sale
    $750,000

    Turn-key Restaurant, Established Clientele

    Property size:
    3,447 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Wells, Maine restaurant, Merriland Farms, presents a unique investment opportunity. The 3,447 square foot building, constructed in 1900 and renovated in 2017, sits on a 2.3-acre lot with permitted commercial zoning. The property boasts a charming 75-seat dining area, complete with two cozy fireplaces, creating a warm and inviting atmosphere. A significant advantage is the inclusion of a fully equipped commercial kitchen, ensuring a smooth transition for new ownership. Beyond the main dining area, the property features a captivating heated three-season area and an expansive 1,267 square foot outdoor seating space, perfect for enjoying the picturesque setting. This beloved local establishment has cultivated a loyal following among both residents and tourists, ensuring a strong foundation for continued success. The asking price is $750,000. This single-story building offers a turn-key operation in a prime location, making it an ideal acquisition for an experienced restaurateur seeking a well-established business with significant growth potential. The property's established reputation and attractive features combine to create a compelling investment opportunity.

    Property Features for 557 Coles Hill Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,447 SF
    Lot Size
    100,188 SF

    Building Details

    Year Built/Renovated
    1900/2017
    Buildings
    1
    Stories
    1

    HighLights

    • Three‑season restaurant with unique dining experience.
    • Turnkey operation for easy transition.
    • Strong local and tourist clientele.
    • Picturesque location offering a delightful atmosphere.
    Property Profile Location Intelligence

    Current Use by Public Records

    Merriland Farm Cafe Restaurant

    Suggested Use

    Restaurant Building Supply Pawn Shop Smoke and Vape Shop Nursing Home Assisted Living Facility Senior Center Diner Adult Day Care Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.5871131
    Latitude
    43.3551563

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    FAQs

    What type of property is this?
    Restaurant - Turn-key Restaurant, Established Clientele
    Where is this restaurant located?
    The property is located at 557 Coles Hill Rd Wells, ME.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Three-season restaurant with unique dining experience.; Turnkey operation for easy transition.; Strong local and tourist clientele.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    557 Coles Hill Rd Wells, ME 04090
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