81 Bridge StreetYarmouth, ME 04096MLS Number 1512484

  • Price: $5,250,000
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
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81 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 0409681 Bridge Street Yarmouth ME 04096
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  • 2.2Acreage
  • 1850Year Built
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.
Listed by John Graham Real Estate

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number81
  • StreetBridge Street

Building

  • BasementBrick/Mortar, Daylight, Finished, Walkout Access
  • Stories4
  • Year Built1850
  • FoundationBrick/Mortar
  • Building ConstructionMasonry
  • Building FeaturesFire System, Sprinkler - Wet
  • RoofMembrane, Shingle

Exterior

  • ExteriorBrick

Amenities

  • Amenities32 - 36 Inch Doors, Ramped Main Level
  • Other AmenitiesBasement

Tax Information

  • Tax Year2,020

Location

  • StateME
  • TownYarmouth
  • Zip04096
  • LocationNear Shopping, Near Turnpike/Interstate, Rural, Water Frontage, Water View
  • CountyCumberland
  • Map33

Property

  • Acreage2.2
  • Sq Ft Finished Total27,696
  • Leased LandNo

Property Information

  • Property UsesBar/Tavern/Lounge, Bed and Breakfast, Freestanding Building, High-Tech, Hotel/Motel, Net Leased, Restaurant, Special Purpose
  • Zoning OverlayUnknown

Photos

  • Number of Photos69
  • Last Img Trans Date10/20/2021

Basic Information

  • List Price$5,250,000
  • MLS Number1512484
  • Address81 Bridge Street
  • Broker NameJohn Graham Real Estate
  • Modification Date10/20/2021
  • Agent ID006705
  • Broker ID2926
  • MLS StatusActive
  • Property SubTypeOffice

Interior

  • FloorsWood

Utilities

  • Heat SystemDirect Vent Furnace, Heat Pump, Hot Air
  • Heating FuelGas Natural
  • Waste Water DisposalPublic Sewer
  • WaterPublic
  • CoolingA/C Units, Heat Pump
  • ElectricCircuit Breakers
  • GasNatural - On Site

Other

  • Parking Spaces21+ Spaces, On Site, Paved
  • View Count4

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