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    424 Walnut Hill Rd North Yarmouth, ME 04097

    Sponsored
    For Sale
    $1,450,000

    Profitable multi-unit investment opportunity.

    Property size:
    6,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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.

    Property Features for 424 Walnut Hill Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,832 SF
    Class
    A
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1910
    Buildings
    2
    Stories
    2
    Units
    2

    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 Profile 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
    -70.247352150566
    Latitude
    43.826598234338

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    Nearby Similar for Sale

    • $1,450,000
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      Mixed-Use Property in North Yarmouth

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    FAQs

    What type of property is this?
    Restaurant - Profitable multi-unit investment opportunity.
    Where is this restaurant 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 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).
    Request Owner's contact information
    424 Walnut Hill Rd North Yarmouth, ME 04097
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    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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