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424 Walnut Hill Rd 6,832 SF 100% Leased Retail Building North Yarmouth, ME 04097 $1,350,000 ($197.60/SF)
Executive Summary
INVESTMENT PROPERTY
•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.
•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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,832 SF
Building Class
C
Year Built
1900
Price
$1,350,000
Price Per SF
$197.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.52 AC
Zoning
Village Center District - Village Center
Parking
40 Spaces (6.25 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Restaurant
- Accent Lighting
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | NYAR-000007-000000-000029 | Improvements Assessment | $470,600 |
| Land Assessment | $90,000 | Total Assessment | $560,600 |
Property Taxes
Parcel Number
NYAR-000007-000000-000029
Land Assessment
$90,000
Improvements Assessment
$470,600
Total Assessment
$560,600
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424 Walnut Hill Rd
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