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Property profile & analytics
OFF-MARKET
Turn key restaurants

557 Coles Hl Rd Wells, ME 04090-5716

2,438 SF 2.3 ac lot Built 1900
Individually Owned Free & Clear
Property ID
US42-0423913
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction FRAME
Total area 2,438 SF
Lot 2.3 ac (100,188 SF)
Zoning code R
APN WLLS M:071 L:4-B
UPID US42-0423913
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
  • Merriland Farm Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Morrison Jon
Morrison Jon
since 2026
2 recorded transactions
2026
$458,040
2021
Price N/A
Zoning & alternative use
R · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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