Commercial for Sale: 507 Walnut Hill Road, North Yarmouth, ME 04097

$475,000
$475,000
507 Walnut Hill Road, North Yarmouth, ME 04097
$475,000
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Price:
$475,000
$20,000 - 08/30/2024

Type Commercial
Square Feet 2,720 sqft
Lot Size 1.00 acres
Year Built 1990
Taxes Paid $5,562

City North Yarmouth
County Cumberland

MLS 1597641
Status Active
Ideal 1031 replacement property leased to Sunflower Friends Early Learning Academy LLC, paying $2,720 monthly NNN, with a lease terminatiing October 31, 2027. Yields $32,640 NNN (tenant pays all expenses) equaling a cap rate of 6.87%. Rent increases to $35,904 ($2,992 monthly) effective November 1, 2025, yielding a cap rate of 7.56%.

Room Features

Basement Description Finished, Walk-Out Access, Full

Lot & Building Features

Cooling A/C Units
Tax Year 24
Taxes Paid $5,562

Price History of 507 Walnut Hill Road, North Yarmouth, ME

Date Name Price Difference
08/30/2024 Price Adjustment $475,000 4.04%
07/20/2024 Listing Price $495,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 507 Walnut Hill Road, North Yarmouth, ME

Location Map Street View
Photo of Sara McNeal, MBA
Direct: 617-413-1020
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by EXP Realty, Michael Rogers 888-439-8743
$
20%
1.1709473684211%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

507 Walnut Hill Road (MLS #1597641) is a commercial listing located in North Yarmouth, ME. This commercial listing is 2,720 sqft and on a lot of 43,560 sqft (or 1.00 acres) and is 34 years old. This property was listed on 07/20/2024 and has been priced for sale at $475,000.

Nearby zip codes are 04021, 04039, 04069, 04096 and 04105. This property neighbors other cities such as Cumberland, Falmouth, Gray, Pownal and Yarmouth.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.