Property profile

259 Post Rd Wells, ME 04090

FOR SALE
Other retail properties
Property ID
US42-0504516
5,458 SF 0.92 ac lot Built 1976
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This retail property is situated on approximately 1 acre and is recognized for distinctive, long-standing landmark architecture. The main retail shop connects to an on-site barn space totaling more than 5,000 square feet, with a second level that encircles the barn’s center and overlooks the area below. At the rear, the building includes a refrigerated room approximately 35 feet by 50 feet, along with multiple storage rooms. The front portion provides a smaller retail or office space and includes a large two-story apartment with separate access. The building layout supports a range of uses, including retail and food-and-beverage concepts (e.g., brewery, bar, or restaurant) and may accommodate light manufacturing with distribution and retail; it is also configured to allow leasing to multiple tenants. The property has frontage on Route 1 and includes on-site parking.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1976
Construction FRAME
Total area 5,458 SF
Lot 0.92 ac (40,060 SF)
Zoning code GB
APN WLLS M:108 L:34
UPID US42-0504516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Wine and Liquor Store
  • Grocery & Convenience Store Specialty Food Shop

Location

259 Post Rd Wells, ME 04090
Wells metro Census 34005 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

GB · Wells, ME
Zoning description

ance shall take effect upon enactment by the Town Meeting. (6) 6-11-2024: to change portions of Tax Map 133, Lot 25 and Tax Map 134, Lot 24 from the Residential Commercial District (RC) to the General Business District (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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