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    OFF-MARKET
    Turn key restaurants

    2149 Medway Rd, Medway, ME 04460

    0.55 ac lot
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US42-0795914
    Property summary
    AI-generated overview

    This exceptional 5,800 square foot mixed-use property in Medway, ME, presents a lucrative investment opportunity. Situated on a 0.55-acre lot at 2149 Medway Road, this building has undergone substantial renovations and currently operates as a thriving restaurant, bar, and billiards establishment. The recent renovations also included the conversion of a portion of the building into two efficient rental units, generating a consistent monthly income of $2,000. The property's versatile layout offers significant flexibility for a new owner. Originally designed as two separate restaurants, the space can easily be reconfigured to accommodate this use, or adapted to host events, banquets, or house multiple distinct businesses. The existing successful operation benefits from its established reputation within the Medway community, having been well-received by locals and tourists alike. Its prime location makes it an ideal year-round destination for those enjoying nearby recreational activities such as visits to Mt. Katahdin, Baxter State Park, white water rafting, four-wheeling, and snowmobiling. The property is offered turnkey, with the current owner providing training to ensure a smooth transition for the new owner. Priced at $499,900, this property offers a compelling combination of established income, versatile space, and a strong location in a vibrant community.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Lot 0.55 ac (23,958 SF)
    APN MEDY M:012 L:076&077
    UPID US42-0795914
    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
    • 83 North Bar Grill & Billiards Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Corey R Hanson · 3 yrs held
    Corey R Hanson
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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