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    424 Walnut Hill Rd North Yarmouth, ME 04097

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    For Sale
    $1,450,000

    Fully leased mixed-use property with restaurant, apartments, and event space.

    Property size:
    6,832 SF
    Lot size:
    0.52 Acres

    Property Features for 424 Walnut Hill Rd

    General Information

    Size
    6,832 SF
    Lot size
    0.52 Acres

    Source: Malone Commercial Brokers Agent Karen Rich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in North Yarmouth

    This fully leased property is located on Walnut Hill Road in North Yarmouth. It features two buildings. The first building is a two-story structure with 4,624 square feet. The first floor houses a 2,999-square-foot restaurant, while the second floor contains two apartments. The second building is a barn and event center, offering 1,262 square feet on the first floor, along with an additional 946 square feet of unfinished attic space. The property has undergone significant updates in the past three years, including complete renovations of the barn, restaurant, and the two-bedroom apartment. The main building received a new shingle roof in December 2023. The total property size is 6,832 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trudy Bird's Ølbar Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Yarmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2477523
    Latitude
    43.8263836

    Nearby Similar for Sale

    • $1,450,000
      6,832 SF

      Prime North Yarmouth Mixed-Use

      Profitable multi-unit investment opportunity.
      424 Walnut Hill Rd, North Yarmouth, ME 04097
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with restaurant, apartments, and event space.
    Where is this mixed-use property located?
    The property is located at 424 Walnut Hill Rd North Yarmouth, ME.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully leased property provides immediate income.; - Includes a **2,999± SF restaurant** and a barn/event center.; - Recent renovations to the barn, restaurant, and two-bedroom apartment.
    (207) 671-8808
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    424 Walnut Hill Rd North Yarmouth, ME 04097
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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
    424 Walnut Hill Rd North Yarmouth, ME 04097
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