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    78 Main St Belfast, ME 04915

    For Sale
    $849,000

    Historic building, versatile space, prime location.

    Property size:
    2,882 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property at 78 Main Street in Belfast, Maine, presents a unique investment opportunity. The 2,882 square foot building boasts a prime location on Main Street, close to the intersection, in the heart of Belfast's thriving downtown area. This well-maintained historic brick structure underwent significant renovations in the 1980s and further modernizations in 2016, successfully blending its original charm with contemporary functionality. Currently, the ground floor is occupied by All About Games, a well-established and beloved local business. The second floor, currently used by the Game Loft Youth Development Program, offers significant versatility. It could easily be converted into residential space, either for owner occupancy or as rental apartments, providing additional income potential. The building benefits from efficient heat pumps installed during the 2016 renovations, contributing to cost-effective operation. Furthermore, the rear roof was recently updated in 2023 with durable, wind-resistant asphalt shingles, ensuring long-term protection and minimizing maintenance needs. This 0.04-acre lot represents a rare chance to acquire a highly desirable Main Street property – a true landmark that commands attention and admiration. The asking price is $849,000.

    Property Features for 78 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,882 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1843
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belfast
    County
    Waldo
    State
    Maine
    Longitude
    -69.00623
    Latitude
    44.42633

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, versatile space, prime location.
    Where is this commercial real estate located?
    The property is located at 78 Main St Belfast, ME.
    What is the asking price?
    The asking price for this property is $849,000.
    (207) 338-5265
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    78 Main St Belfast, ME 04915
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    Belfast, ME 04915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    78 Main St Belfast, ME 04915
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