Active

507 Walnut Hill Road

North Yarmouth ME, 04097

$475,000


Active

2,720 sqft

Commercial

Built in 1990

Courtesy of EXP Realty

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%.

1597641

MLS ID

July 20, 2024

Listed

October 15, 2024

Updated

Map

507 Walnut Hill Road
North Yarmouth ME, 04097

Interior Features

Total Stories

2


Floor Description

Tile, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

A/C Units


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1 Acre


Lot Features

Downtown, Business District


Roof

Composition, Pitched


Sewer

Private Sewer

Other Property Details

Taxes

$5,562


Tax Frequency

Annually


Garage

No


Parking

11 - 20 Spaces, On Site, Paved


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

Village Central

Listing History

Date

Event

Price

8/30/2024

Price change

$475,000

-5%

Listing Contact: 207-318-9984

Courtesy of  EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Emilie Cole shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 1:20 AM UTC, 10/15/2024

 

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