Technical
Financial
Distress signals
Property profile

632 N Berwick Rd Wells, ME 04090

FOR SALE
Showrooms
Property ID
US42-0191187
3,328 SF 2.02 ac lot Built 2020
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity encompasses a thriving, established fence company, Armstrong Fence, operating since 1979, and its strategically located Class A commercial real estate. The 3,328 square foot, two-story building, constructed in 2020, sits on a sizable 2.02-acre lot in Wells, Maine (04090), zoned LI - Light Industrial. The property boasts a multi-tenant occupancy, combining office and warehouse space, ideal for continued business operations or potential redevelopment. Its convenient location off Route 9 and near the Maine Turnpike ensures high visibility and easy access. The majority of the expansive lot is fenced, providing ample space for operations and storage. The asking price for this turnkey business and real estate package is $1,250,000. The property's APN is Map 0040, Block 003, Lot 4. This presents a rare chance to acquire a profitable, established business with significant real estate potential in a desirable coastal Maine location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2020
Total area 3,328 SF
Lot 2.02 ac (87,991 SF)
Zoning code LI
APN WLLS M:040 L:3-4
UPID US42-0191187

Cap rate & NOI

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

Location

632 N Berwick Rd Wells, ME 04090
Wells metro Census 34002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

LI · Wells, ME
Zoning description

Light Industrial District. A. Purpose. The purpose of the Light Industrial District is to provide areas for a wide range of light industrial and large-scale business uses which are clean and nonpolluting. B. Permitted us…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message