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Property profile & analytics
FOR SALE
Retail properties & Spaces

259 Post Rd Wells, ME 04090

5,458 SF 0.92 ac lot Built 1976
Individually Owned Absentee Owner Free & Clear
Property ID
US42-0504516
Property summary
AI-generated overview

This exceptional 18,324 square foot commercial property at 259 Post Road, Wells, ME, presents a rare investment opportunity. Situated on approximately one acre of land, this landmark building boasts unmatched visibility and high traffic counts due to its prime Route 1 location. The property includes a long-standing retail space (over 50 years in operation), a spacious barn exceeding 5,000 square feet, offering extensive expansion possibilities. The barn's unique second-level layout, circling a central area, provides versatile space ideal for a variety of uses, including a brewery, restaurant, or other commercial ventures. Light manufacturing with distribution and retail operations are also feasible. Additional features include a substantial refrigerated room (approximately 35' x 50'), multiple storage rooms, a smaller retail or office space, and a large, two-story apartment with separate access. Ample parking is available. The property's high visibility, substantial size, and versatile layout make it an exceptional investment with significant potential for increased revenue through multiple tenants or expansion of existing operations. Showings require a minimum of 24-hour notice and are by appointment only.

Property profile
Verified
Property type Retail properties & Spaces
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wine & Cheese Shop Ltd Specialty Food Shop Wine and Liquor Store
  • Skin's Scoop Ice Cream Shop Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
CALVIN MERRIFIELD
CALVIN MERRIFIELD
Zoning & alternative use
GB · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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