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81 Bridge Street

Yarmouth, ME 04096
  • $5,250,000
  • STATUS: Active
  • MLS #: 1512484
UPDATED: 8 min ago
$5,250,000
  • 0
    BEDS
  • 2.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,696
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1850
County:
Area:

School Ratings & Info

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Description

Built in 1840, the Sparhawk Mill is a true landmark legacy property perched on the majestic Royal River in Yarmouth, Maine. This brick complex with its famous bell tower (bell still there) is an architectural icon. Frequently photographed and featured in numerous publications, the Sparhawk Mill has been lovingly transformed from its past industrial life into cutting edge contemporary office suites achieving the perfect blend of past and present. Extensive renovations include new roofs, new windows, new gas heating systems, newly paved parking lot (70+ parking spots), as well as new kitchens and baths added to all units. The Sparhawk community is now a hub of creativity, including three highly regarded marketing firms, a top notch interior designer, a renowned music teacher, a long-term engineering firm, a high-end food importer, and the award winning Garrison Restaurant/Dandelion Catering company. Although the Sparhawk Mill is just a couple minutes off Route 1 and I-295, upon arrival you feel the tranquility of its country setting. Picturesque views from every window.Zoning allows many future opportunities including: Additional building(s), Condominiums, Boutique Hotel, Residential Penthouse(s)The property has only 10 tenants (one vacant unit for potential owner user), all leases are NNN and are currently under market value. 3% yearly accelerator clauses, provides the owner $10,000 in additional revenue each year. This property is easy to manage for any owner.Projected NOI of $345,500 with self management.

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-12-07T18:47:35.417.
www.linscottrealestate.com/homes/122560448
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81 Bridge Street Yarmouth, ME 04096

  • Price: $5,250,000
  • Status: Active
  • On Site: Days
  • Updated: 8 min ago
  • MLS #: 1512484
0
Beds
0
Baths
0
½ Baths
2.2
Acres
27,696
SQFT
$190
$/SQFT
1850
Built
Neighborhood:
Yarmouth
County:
Cumberland
Area:
Yarmouth
Property Description
Built in 1840, the Sparhawk Mill is a true landmark legacy property perched on the majestic Royal River in Yarmouth, Maine. This brick complex with its famous bell tower (bell still there) is an architectural icon. Frequently photographed and featured in numerous publications, the Sparhawk Mill has been lovingly transformed from its past industrial life into cutting edge contemporary office suites achieving the perfect blend of past and present. Extensive renovations include new roofs, new windows, new gas heating systems, newly paved parking lot (70+ parking spots), as well as new kitchens and baths added to all units. The Sparhawk community is now a hub of creativity, including three highly regarded marketing firms, a top notch interior designer, a renowned music teacher, a long-term engineering firm, a high-end food importer, and the award winning Garrison Restaurant/Dandelion Catering company. Although the Sparhawk Mill is just a couple minutes off Route 1 and I-295, upon arrival you feel the tranquility of its country setting. Picturesque views from every window.Zoning allows many future opportunities including: Additional building(s), Condominiums, Boutique Hotel, Residential Penthouse(s)The property has only 10 tenants (one vacant unit for potential owner user), all leases are NNN and are currently under market value. 3% yearly accelerator clauses, provides the owner $10,000 in additional revenue each year. This property is easy to manage for any owner.Projected NOI of $345,500 with self management.
Exterior Features

Construction Masonry Exterior Brick Foundation Materials Brick/Mortar Parking 21+ SpacesOn SitePaved Roof MembraneShingle

Interior Features

Accessibilitiy Amenities 32 - 36 Inch DoorsRamped Main Level Basement Brick/MortarDaylightFinishedWalkout Access Cooling A/C UnitsHeat Pump Gas Natural - On Site Heat Fuel Gas Natural Heat System Direct Vent FurnaceHeat PumpHot Air

Property Features

Building Features Fire SystemSprinkler - Wet Electric Circuit Breakers Full Tax Amount Amount 15733.00 Leased Land No Leases Yes Location Near ShoppingNear Turnpike/InterstateRuralWater FrontageWater View Property Uses Bar/Tavern/LoungeBed And BreakfastFreestanding BuildingHigh-TechHotel/MotelNet LeasedRestaurantSpecial Purpose Sewer Public Sewer Surveyed Unknown Tax Year 2020 Water Public Zoning General Development Zoning Overlay Unknown

Listing provided courtesy of John Graham Real Estate.

© 2021 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-12-07T18:47:35.417.
 
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