Wells
$1,399,000
1574 Post Road
mls: 1673923
Bathrooms: 0
Year Built: 1976
Sq Footage: 4,800
Lot Size: 1
Taxes: $5,094
Status: Active

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.

Listed by: McKechnie Commercial Realty

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, 3 BR & 1 BA- residential, leased as a 2 BR 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.

Listed by: McKechnie Commercial Realty

Accessibility Features
Accessible Approach with Ramp
Appliances
Architectural Style
Basement
None, Slab
Bathrooms Total Integer
0
Body Type
Building Area Total
4800.00
Construction Materials
Wood Frame, Masonry, Block, Wood Siding
Cooling
Heat Pump, Wall Unit(s)
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Luxury Vinyl
Foundation Details
Poured Concrete
Green Energy Efficient
Heating
Gas Bottled, Multi-Fuel System, Solar, Heat Pump, Hot Water
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Downtown, Near Shopping, Near Turnpike/Interstate, Retail Strip, Public Transport Access
Lot Size Acres
1.0000
Other Equipment
Internet Access Available
Other Structures
Parking Features
21+ Spaces, On Site, Paved, Gravel
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Fiberglass, Membrane
Sewer
Public Sewer
Tax Annual Amount
5094.00
Utilities
Water Source
Public
Waterfront Features
Nearby, Oceanfront
Waterfront Yes/No
1
Year Built
1976
Zoning
commercial