157 Main St - Hospitality FOR SALE


Belgrade, ME 04917
$2,500,000 USD
207-772-2422
157 Main St, Belgrade, ME for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/38
null | Request Cap Rate

157 Main St
Belgrade, ME 04917


OVERVIEW

Welcome to The Village Inn & Tavern, an iconic waterfront property in the heart of Belgrade Lakes Village offering a rare opportunity to own one of Maine’s premier hospitality destinations. Situated on approximately 0.89± acres with 250± feet of waterfront on Long Pond and Mill Stream providing access to Great Pond. The property features 8-10 guest rooms, an owner’s residence, a waterfront restaurant and tavern, multiple indoor and outdoor dining areas, private docks with 8 seasonal boatslips on Great Pond and 1-2 seasonal slips on Long Pond, expansive event lawns, and ample on-site parking. Located within walking distance of Belgrade Lakes Village shops, golf, boating, and year-round recreation, this is a truly irreplaceable waterfront asset in one of Maine’s most desirable lake destinations. Fully licensed, turnkey & grandfathered which offers a noteworthy portfolio investment opportunity with differentiated de-risked income streams which all provide a passive income investment versus the operational overhead of running a restaurant.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$190 USD /SF

# OF ROOMS

8

PRICE/ROOM

$312,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village Inn and Tavern

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1899

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Limited Commercial Distr

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cheri BonawitzMalone Commercial BrokersMore Info
207-772-2422

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Cheri BonawitzMalone Commercial BrokersMore Info
207-772-2422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.