Mixed-Use Corner Property with
14 Lakeshore Drive Belgrade, ME 04917
For Sale
$789,000
COMMERCIAL - Belgrade, ME
Property Size4,500 SF
Lot Size3.28 Acres
Price / SF$175.33
Days on Market15
Property Features for 14 Lakeshore Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Basement
Unfinished, Full, Sump Pump
Standard status
Active
Size
4,500 SF
Lot size
3.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5832
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Baseboard, Oil, Natural Gas, Forced Air, Hot Water(Heating)
Water source
Well, Private
Water front features
Waterfront
Water front
1
Building Details
Year built
1973
Flooring type
Wood, Vinyl, Laminate, Tile, Concrete, Carpet
Building materials
Mobile, Wood Frame, Aluminum Siding, Wood Siding, Other Exterior
Roof type
Metal, Shingle
Listing Agency:
Century 21 Nason Realty
(207) 873-2119
Listed By:
Kim Moxcey
(207) 242-2674
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 29 at 6:06AM
MLS# 1658216
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use corner property includes storefront retail space that has housed “The Village Peddler Gift Shop” for 40+ years, along with an office area off the garage. The building also contains three apartments, and there is a mobile home on the lot that is currently rented. Approximate square footage figures provided reflect the entire building rather than only the commercial shop area.
The site is near Belgrade Village and is described as next door to the Sunset Grill Restaurant. The property is situated on a large corner lot, and it also includes a deeded common lot to Long Pond that is a short walk away.
Additional historical context is noted in the listing, identifying the site as the former Belgrade Hotel, which was lost in 1956.
The site is near Belgrade Village and is described as next door to the Sunset Grill Restaurant. The property is situated on a large corner lot, and it also includes a deeded common lot to Long Pond that is a short walk away.
Additional historical context is noted in the listing, identifying the site as the former Belgrade Hotel, which was lost in 1956.
Key Highlights
- Building includes 3 apartments plus a mobile home rented on the lot (see APOD for income).
- Large corner lot with commercial/shop space; The Village Peddler Gift Shop operated here for 40+ years.
- Deeded common lot access to Long Pond, a short walk away (waterfront feature included with the property).
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.9k | $16.20 |
| − Vacancy | −$1.1k | −$0.25 |
| EGI | $71.8k | $15.95 |
| − OpEx | −$21.5k | −$4.79 |
| NOI | $50.3k | $11.17 |
4,500 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,254 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 5.56%
Theoretical Best
Warehouse
$6.71M
$5.87M – $7.83M
NOI $469,949 @ 7.0% cap · market cap 59.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Corner lot mixed-use building with retail shop space, an office area, three apartments, and a rented mobile home.
Where is this triplex located?
The property is located at 14 Lakeshore Drive Belgrade, ME.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Building includes 3 apartments plus a mobile home rented on the lot (see APOD for income).; Large corner lot with commercial/shop space; The Village Peddler Gift Shop operated here for 40+ years.; Deeded common lot access to Long Pond, a short walk away (waterfront feature included with the property).
