Prime Commercial Land
910 Post Road, Wells, ME 04090
Land suitable for retail, restaurant, or office development.
Type:Commercial/Industrial
Property size:
2,076 SFPrice / SF:
$313/SF- Added:
- Mar 25, 2024
- Days on Market:
- 800
- Last Refresh:
- Apr 15 at 8:38 pm
Property Features for 910 Post Road
General Information
- Standard status
- Active
- Size
- 2,076 SF
- Property subtype
- Commercial/Industrial
Listing agent Roxane Cole License #DB110981 (207) 653-6702
Listing office Roxane Cole Commercial Real Estate LLC (207) 653-6702
Listing date Mar 25, 2024
Source Exitrealty
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 Roxane Cole Commercial Real Estate LLC
HighLights
- Prime location in the center of the retail and professional business district.
- Ideal for various development types: retail, restaurant, medical office, professional office, and flex/service.
- Engineered plans allow for drive‑through development.
- Option to build a larger building without a drive‑through.
- Strong demand for food and services in Wells.
- Growing year‑round appeal and robust tourist market.
Overview
This property is located in the center of the retail and professional business district. The site is suitable for retail, restaurant, medical office, professional office, and flex/service development. Engineered plans allow for development with a drive-through, or a larger building may be built without a drive-through. The property size is 2076 square feet. Wells has strong demand for food and services due to its growing year-round appeal and robust tourist market.
Local Financial Insights For Office B
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 | $51.8k | $24.96 |
| − Vacancy | −$6.5k | −$3.12 |
| EGI | $45.3k | $21.84 |
| − OpEx | −$11.3k | −$5.46 |
| NOI | $34.0k | $16.38 |
2,076 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$485.8K
$425.1K – $566.8K
NOI $34,005 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$360.2K
$315.1K – $420.2K
NOI $25,211 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$658.1K
$575.8K – $767.8K
NOI $46,066 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.5879886
- Latitude
- 43.3003918
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Land suitable for retail, restaurant, or office development.
Where is this commercial land located?
The property is located at 910 Post Road Wells, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in the center of the retail and professional business district.; Ideal for various development types: retail, restaurant, medical office, professional office, and flex/service.; Engineered plans allow for drive‑through development.
