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Property profile & analytics
OFF-MARKET
Commercial real estate

773 Post Rd Wells, ME 04090-4112

1,787 SF 1.22 ac lot Built 1883
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US42-0518954
Property summary
AI-generated overview

This 12,482 sq ft Southern Maine Inn, located at 773 Post Rd, Wells, ME 04090, presents a unique investment opportunity. Situated on 1.22 acres of beautifully landscaped grounds along the heavily traveled US Route 1 corridor, this established lodging facility boasts 17 keys, including a mix of traditional guest rooms and private cottages catering to diverse guest needs. The property includes four single-room cottages, two one-bedroom cottages, and one two-bedroom cottage. Motel rooms consist of four efficiency rooms (recently renovated), five standard rooms, and one room with a kitchenette. Additional features include a heated pool, guest grills, and common areas. Onsite accommodations include a one-bedroom employee apartment and a spacious two-bedroom, two-bath manager's apartment complete with a full kitchen and living room. Recent capital improvements encompass renovated efficiency rooms, new keypad locks for remote check-in, new beds and mattresses in most rooms, enhanced landscaping including newly planted trees, a new website, and the initiated winterization of cottages via underground waterlines, presenting significant upside potential. This well-established hotel is ideally positioned to capitalize on the thriving Southern Maine tourism market, offering a compelling return on investment in a highly desirable vacation area. The property's convenient location, diverse room offerings, and recent upgrades make it an attractive prospect for both seasoned investors and newcomers to the hospitality sector.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1883
Total area 1,787 SF
Lot 1.22 ac (53,143 SF)
Zoning code GB
APN WLLS M:117 L:53
UPID US42-0518954
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
  • The Beaches Guest Rooms & Cottages Hotel & Motel
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
Australis LLC · 3 yrs held
Australis LLC
since 2023
Last sale
$1.8M
4 recorded transactions
2023
$1.8M
2021
Price N/A
2012
Price N/A
2011
Price N/A
Zoning & alternative use
GB · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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