For Sale
$1,450,000

424 Walnut Hill RdNorth Yarmouth, ME 04097

Profitable multi-unit investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A mixed-use property, located at 424 Walnut Hill Road in North Yarmouth, Maine (04097), presents a compelling investment opportunity. The property encompasses two buildings on a 0.52-acre lot (APN: Map 007, Lot 029) and totals 6,832 square feet. The main building, a 4,624 square foot, two-story structure, houses a thriving 2,999 square foot restaurant on the ground floor and two apartments on the upper level. A second building, a barn and event center, offers 1,262 square feet of finished space on the first floor, plus an additional 946 square feet of unfinished attic space. The property boasts a strong tenancy history and is currently fully leased. Extensive renovations have been completed within the last three years (2021, 2022, and 2023), including comprehensive updates to the barn, restaurant, and both apartments. Further enhancing the property's value, a new shingle roof was installed on the main building in December 2023. This turnkey investment offers a blend of established commercial and residential income streams, situated in the desirable North Yarmouth market. The property's combination of updated facilities, strong rental income, and prime location makes it an attractive prospect for discerning investors seeking a high-return, low-maintenance asset. The asking price is $1,450,000.

Highlights

  • Fully leased commercial property on Walnut Hill Road, North Yarmouth.
  • Two-building property: 4,624± SF main building with a 2,999± SF restaurant and two apartments; plus a 1,262± SF barn/event center with 946± SF unfinished attic space.
  • Extensive renovations completed within the last three years, including the barn, restaurant, and a two-bedroom apartment; new roof on main building (December 2023).

Property Details for 424 Walnut Hill Rd

Property type
Retail properties, Restaurants
Square Feet
6,832 SF
Class
A
Year Built
1910
Buildings
2
Stories
2
Lot Size (sq. ft)
22,651 SF
Units
2

Location Insight

City
North Yarmouth
County
Cumberland
State
Maine
Latitude
43.826598234338
Longitude
-70.247352150566
424 Walnut Hill Rd, North Yarmouth, Maine

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424 Walnut Hill Rd
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