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1574 Post Road

Wells

$1,399,000

beds   ·   baths   ·   4,800 sqft   ·   1 acres   ·   taxes: $5,094   ·   MLS#: 1673923

NOI has significant upside* 1st Floor consists of 2 commercial units, of which both are currently leased to owner's businesses and at a significant lease rate discount. * Owner will vacate upon sale. New Owner would gain from market rate leasing, suggesting $25-$30/sf NNN. Two 1st floor commercial units consists of a 900-1,000sf office/luxury staff lounge (lease $24,000 yr) and a 2,300 sf Bar/Lounge (lease $24,000 yr). 2nd Floor consists of: 1,600sf, residential, leased as a Airbnb and winter rental Sept 15-May 15 $20,000, Airbnb summer income range $28,400. General Business District. Major Intersection of 109 and US Rt 1, this property is easy access to turnpike, beaches, shops, services and restaurants, combining excellent connectivity and strong visibility in a busy mixed commercial corridor. Exceptional visibility & attractive for businesses seeking customer engagement and exposure. The site features flexible interior space suitable for retail, office, or wellness concepts and offers modern utilities including forced air heating, ample parking, dual entrances, and accessible design--including a handicap ramp--support tenant usability and strengthen consumer reach for year-round and seasonal activity. There may also be a larger neighboring assemblage opportunity available for the right developer. This would be a potential 4-parcel commercial assemblage at Route 1 / Route 109, estimated at approximately 2.5+ acres. Exact acreage would need to be confirmed.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1976
  • Flooring : Carpet, Luxury Vinyl
  • Roof : Fiberglass, Membrane
  • Basement : None, Slab
  • Heating : Gas Bottled, Multi-Fuel System, Solar, Heat Pump, Hot Water
  • Cooling : Heat Pump, Wall Unit(s)

Site

  • Water Frontage : Yes
  • Water Body Type : Nearby, Oceanfront
  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : General Business
Listing provided by McKechnie Commercial Realty

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy