216 Mile Rd Wells, ME 04090-4129
Property profile & analytics
216 Mile Rd, Wells, ME 04090-4129
- Industrial properties
- 4,714 SF
- 0.92 lot acres
Property ID
US42-0375201
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Billy's Chowder House / Restaurant
Property Details for 216 Mile Rd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Zone code
- BB
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- WLLS M:122 L:41
- APU
- WLLSM122L41
Description
This exceptional waterfront restaurant in Wells, Maine, presents a rare opportunity. The 4,714 square foot building, constructed in 1950 and extensively renovated in 2018/2023, sits on a one-acre lot with 62 parking spaces. It includes a full commercial kitchen, a large bar and seating area, two dining rooms seating approximately 200 patrons, and a small second-floor office. An additional 700 square foot outbuilding offers ample storage and cooler space. The property boasts a prime location on Mile Road, offering high visibility and stunning 360-degree water views. This established business includes all fixtures, furniture, and equipment (FF&E), significant goodwill, an extensive memorabilia collection, a loyalty program with 51,000 members, a Facebook page with 21,000 followers, and a website averaging 1,200 daily hits. The permitted zoning is RP. The property's APN is Map 122, Block 41, and is owned by Noetic Enterprises Inc. This is an owner/user investment opportunity, ideal for continuing the legacy of a successful Maine institution or establishing a new culinary venture in a highly desirable location. The property is located at 216 Mile Rd, Wells, ME 04090.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $975,000
- 6.5%
- $900,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $587,000
Market price range: $323k - $1.09M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.5752
- Latitude
- 43.3042
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,326
$1,209,180
$355,560
$1,564,740
-
$0.00
$0.00
$0.00
