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    2149 Medway Rd Medway, ME 04460

    For Sale
    $499,900

    Prime Medway location, high income potential.

    Property size:
    5,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    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 Features for 2149 Medway Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,800 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    2007
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    83 North Bar ... Bar & Grill

    Suggested Use

    Realty agency Restaurant Wholesale Shop Auto Repair Shop Auto Parts Store Gym & Fitness Hotel & Motel Department Store Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medway
    County
    Penobscot
    State
    Maine
    Longitude
    -68.54678
    Latitude
    45.6133

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Medway location, high income potential.
    Where is this mixed-use property located?
    The property is located at 2149 Medway Rd Medway, ME.
    What is the asking price?
    The asking price for this property is $499,900.
    (888) 439-8743
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    2149 Medway Rd Medway, ME 04460
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    Medway, ME 04460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2149 Medway Rd Medway, ME 04460
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