Property profile

164 Mayville Rd Bethel, ME 04217

FOR SALE
Commercial real estate
Property ID
US42-0636769
5,820 SF 2.5 ac lot Built 1888
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Property summary

AI-generated overview

This exceptional 5,820 square foot event barn, originally constructed in 1888 and extensively renovated in 2014, presents a unique investment opportunity. Situated on a spacious 2.5-acre lot in Bethel, Maine – recently recognized as one of Maine's hottest towns – this property enjoys a prime location near Sunday River Valley attractions and amenities. Currently operating as a successful event venue with a strong booking pipeline, the property boasts ample parking for 100 vehicles. The expansive grounds offer significant potential for expansion, with room to add a bridal suite, guesthouse, or owner's residence. A fully equipped commercial kitchen is included, along with a comprehensive inventory of event essentials: tents, tables, chairs, tableware, and glassware, all conveying with the sale. The property features beautifully landscaped gardens, a wraparound deck, and a stunning interior. Its convenient proximity to guest accommodations and local restaurants further enhances its appeal. This turnkey operation offers a rare chance to acquire a thriving business in a desirable location. The asking price is $895,000.

Property profile

Verified
Property type Commercial real estate
Year built 1888
Total area 5,820 SF
Lot 2.5 ac (108,900 SF)
UPID US42-0636769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Take-out & Catering Catering Service
  • (Bike/Boat/Book/etc) Store Florist
  • Party Supply Store Rental Equipment Company
  • Photography Service (Bike/Boat/Book/etc) Store

Location

164 Mayville Rd Bethel, ME 04217
Bethel metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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