Mixed-Use Property with
For Sale
$789,000
14 Lakeshore Drive, Belgrade, ME 04917
Commercial Sale, Belgrade, ME
Property Size4,500 SF
Lot Size3.28 Acres
Price / SF$175.33
Days on Market85
Property Features for 14 Lakeshore Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Basement
Sump Pump, Full, Unfinished
Lot features
Business District, Historic District, Near Shopping, Rural
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
Septic Tank, Private Sewer
Heating system
Oil, Forced Air, Baseboard, Natural Gas, Hot Water(Heating)
Water source
Private, Well
Water front features
Waterfront
Water front
1
Amenities
garage
office area
deeded common lot to Long Pond
Building Details
Year built
1973
Flooring type
Wood, Tile, Concrete, Vinyl, Laminate, Carpet
Building materials
Mobile, Wood Frame, Aluminum Siding, Wood Siding, Other Exterior
Roof type
Metal, Shingle
Listing Agency:
Century 21 Nason Realty · Century 21 Real Estate
(207) 873-2119
Listed By:
Kim Moxcey
(207) 242-2674
Added: Jul 15
Changed: Sep 12
Last Checked: Oct 7 at 1:06PM
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 property combines a commercial shop with residential components in a 4,500-square-foot building. The structure includes three apartments and an office area located off the garage, while a rented mobile home is also situated on the 3.28-acre property. Construction includes wood framing with aluminum and wood siding, and the building has concrete, laminate, carpet, wood, vinyl, and tile flooring across its spaces. Heating systems include natural gas, oil, baseboard, hot water, and forced air.
The property occupies a large corner lot at 14 Lakeshore Drive in Belgrade, next to Sunset Grill Restaurant and near Belgrade Village. A deeded common lot on Long Pond is included and is described as a short walk from the property. Private well and septic systems serve the site, with off-street parking available.
The property occupies a large corner lot at 14 Lakeshore Drive in Belgrade, next to Sunset Grill Restaurant and near Belgrade Village. A deeded common lot on Long Pond is included and is described as a short walk from the property. Private well and septic systems serve the site, with off-street parking available.
Key Highlights
- 4,500‑square‑foot mixed‑use building with commercial and residential components
- Three apartments plus a rented mobile home on 3.28 acres
- Commercial shop includes an office area off the garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,423
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,460
$928.5K
Cap Rate 7%
$663,186
$663.2K
Cap Rate 9%
$515,811
$515.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$81.0K $18.00/SF
− Vacancy
−$6.7K −$1.49/SF
EGI
$74.3K $16.51/SF
− OpEx
−$27.9K −$6.19/SF
NOI
$46.4K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,460
Cap Rate 7%
$663,186
Cap Rate 9%
$515,811
Alternative Uses
Best Use
Mixed Use
$663.2K
$580.3K – $773.7K
NOI $46,423 @ 7.0% cap · market cap 5.88%
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
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 04917, ME
3,259
Population
2,261
Households
1.4
Avg Household Size
49
Median Age
46%
College-Educated
98%
High-School Grad
42.7 sq mi
ZIP Area
76
Density / Sq Mi
$86,021
Median Household Income
$41,846
Median Earnings
$868
Median Rent
$304,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, three apartments, and a rented mobile home occupy this multi-component property near Belgrade Village.
Where is this mixed-use property 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: 4,500‑square‑foot mixed‑use building with commercial and residential components; Three apartments plus a rented mobile home on 3.28 acres; Commercial shop includes an office area off the garage
