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Property profile & analytics
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
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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