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31666785
31666793

424 Walnut Hill Rd, North Yarmouth, ME 04097

KR
ME ME 900465
Malone Commercial Brokers
CB
ME ME 919640
Malone Commercial Brokers
Listed by Malone Commercial Brokers
$1,295,000
787 days on market
Updated 1 day ago

Investment Property-Popular Restaurant/2 Residential Units

Details
APN Map 007, Lot 029
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Bar (+1)
Square Footage 6,832
Units 2
Occupancy 100%
Tenancy Multi
Class A
Year Built 1910
Year Renovated 2021, 2022, 2023
Buildings 2
Stories 2
Acreage 0.520
Investment Type Stabilized
Ground Lease No
Ownership Hines Chapman Properties, LLC

424 Walnut Hill Rd

Marketing description

  • Fully leased property located on Walnut Hill Road in North Yarmouth.

  • The property features two buildings. The first is a 4,624± SF 2-story building, with the 2,999± SF restaurant on the first floor and two apartments on the second floor. The second building is the barn and event center, which consists of 1,262± SF on the first floor with an additional 946± SF of unfinished attic space.

  • The property has featured significant updates in the past three years, including complete renovations of the Barn, Restaurant and the two-bedroom Apartment. The main building had a new shingle roof placed in December 2023. A full list of updates is listed below.

Investment highlights

  • Fully leased property located on Walnut Hill Road in North Yarmouth.

  • The property features two buildings. The first is a 4,624± SF 2-story building, with the 2,999± SF restaurant on the first floor and two apartments on the second floor. The second building is the barn and event center, which consists of 1,262± SF on the first floor with an additional 946± SF of unfinished attic space.

  • The property has featured significant updates in the past three years, including complete renovations of the Barn, Restaurant and the two-bedroom Apartment. The main building had a new shingle roof placed in December 2023. A full list of updates is listed below.

Listing Contacts

KR
ME ME 900465
Malone Commercial Brokers
CB
ME ME 919640
Malone Commercial Brokers
Listed by Malone Commercial Brokers

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Additional Information

Name
Karen Rich
License
ME 900465
Name
Cheri Bonawitz
License
ME 919640
Brokerage
Malone Commercial Brokers
Brokerage Phone
(207) 772-2422
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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