557 Coles Hill Rd Wells, ME 04090
- Turn key restaurants
- 2,438 SF
- 2.30 lot acres
Current Use by Public Records
- Merriland Farm Cafe / Restaurant / Breakfast Restaurant
Property Details for 557 Coles Hill Rd
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 2.30 lot acres
- Property size
- 2,438 SF
- Zone code
- R
- Property type
- Turn key restaurants
- APN
- WLLS M:071 L:4-B
- APU
- WLLSM071L4B
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.5836
- Latitude
- 43.3524
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
