Property Description

Income-producing multi-unit property on Route 109 in Wells, Maine, offering a rare combination of rental income, commercial zoning flexibility, and future development potential. Located within Wells' Residential-Commercial (RC) District, the property consists of three separate residential units on one parcel, including two stick-built homes (#2409 and #2415) and one detached mobile home (#2403).With projected gross rental income exceeding $80,000 annually and all units anticipated to be vacant by July 2026, the next owner will have the flexibility to establish market-rate leases, create a multi-generational family compound, occupy one unit while generating income from the others, or explore commercial opportunities permitted within the RC Zone.The RC zoning designation allows a variety of potential uses, including multifamily housing, professional offices, contractor businesses, retail uses, personal services, medical-related uses, day care facilities, small inns, and more, subject to municipal approvals. Conveniently located near Interstate 95, Wells beaches, Ogunquit, Sanford, and Kennebunk.Buildings include a two-bedroom home built in 2010 (#2403), a three-bedroom home built in 1963 (#2409), and a two-bedroom home built in 1972 (#2415). Recent updates, multiple detached structures, ample parking, and three independent residences create a unique opportunity for investors, business owners, and owner-occupants. With three separate residential structures already in place, the property may also offer future condominium conversion potential, allowing a buyer to explore separate ownership interests for each unit, subject to approvals.Whether you're seeking an investment property, live-work opportunity, multi-generational living arrangement, or future redevelopment potential, this property offers flexibility and upside in one of Southern Maine's most desirable communities.

Property Features