743 N Berwick Rd Wells, ME 04090
For Sale
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This exceptional commercial property, located at 743 N North Berwick Road in Wells, Maine, presents a unique investment opportunity. The 2,200 square foot building sits on a generous 2.57-acre lot and is ideally situated in a high-traffic area, ensuring excellent visibility and accessibility for customers. Currently configured as a pizza restaurant, the property is equipped with a fully functional kitchen and a spacious dining area, ready for immediate use or adaptation to suit a variety of businesses. The ample parking, providing 28 spaces, caters to the needs of both staff and patrons. The building itself boasts modern amenities, making it a turn-key operation for a savvy entrepreneur. This property offers significant potential for growth and profitability within the vibrant Wells, Maine market. Its prime location and versatile layout make it an attractive option for a wide range of commercial ventures. The substantial lot size also allows for future expansion or development, adding further value to this already compelling investment. Don't miss this chance to own a thriving commercial space in one of Maine's most desirable towns.
Rural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. Open uses of the land, such as forestry and agricultural uses, should be encouraged and large-scale residential uses discouraged. Residential development should be clustered so that significant areas of the development can b…
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, MERural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. Open uses of the land, such as forestry and agricultural uses, should be encouraged and large-scale residential uses discouraged. Residential development should be clustered so that significant areas of the development can be maintained as open space and, where applicable, used to buffer the development from existing Town ways. B. Permitted uses. The following uses are permitted upon obtaining any required permits from the Code Enforcement Officer: (1) Animal husbandry. (2) Agriculture. (3) Cemetery having an area less than 20,000 square feet and containing no buildings. (4) Dwelling, one-family. (See also § 145-55 .) (5) Dwelling, two-family. (6) [1] Livestock, domestic (small), limited to lots with a minimum lot size of 40,000 square feet. [Added 6-9-2015 [2] ] [1]
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.
