557 Coles Hl Rd Wells, ME 04090-5716
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.
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Merriland Farm Cafe Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R · Wells, MEWells. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.