18 Belvedere Rd - Office FOR SALE


Damariscotta, ME 04543
$775,000 USD
207-563-1003
18 Belvedere Rd, Damariscotta, ME for Sale
$775,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

18 Belvedere Rd
Damariscotta, ME 04543


OVERVIEW

Well-maintained multi-tenant professional office building in a highly convenient Damariscotta location just off Route 1, benefiting from a newly constructed and nicely landscaped roundabout providing safe and efficient access. This attractive Cape-style structure offers three levels of finished office space, including a fully utilized lower level, with multiple private suites, common areas, and ample on-site parking. This is a Broker owned property. The property is currently configured as 11 individual office units serving a mix of professional and nonprofit tenants, providing stable income with additional upside. Rents are structured on a per-office basis and reflect strong per-square-foot performance. Situated on a generous 1.36± acre parcel in the C-2 commercial district, the building is positioned toward one side of the lot, offering potential for future expansion, additional structures, or reconfiguration of parking, subject to local approvals. Existing layout and access support continued use as professional office, counseling or medical space, or owner-user occupancy. An excellent opportunity for investors, medical or professional users, or buyers seeking a combination of current income and long-term flexibility in a desirable Midcoast Maine setting. This is a broker-owned property.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Belvedere Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

RB

APN/PARCEL ID

DAMA-000003-000000-000031-000007

ASK ABOUT THIS PROPERTY

Dennis HiltonNewcastle Square RealtyMore Info
207-563-1003

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Dennis HiltonNewcastle Square RealtyMore Info
207-563-1003

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