Mixed-Use Property with Lake
For Sale
$789,000
14 Lakeshore Drive, Belgrade, ME 04917
Multi-Family, 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
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 5, Basement
Parking features
Open, Offsite, Off Street
Interior features
In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower
Basement
Sump Pump, Full, Unfinished
Lot features
Open, Level, Historic District, Near Golf Course, Near Shopping, Near Town, Rural
Standard status
Active
Size
4,500 SF
Lot size
3.28 Acres
Taxes and HOA fees
Tax Year
25
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
waterfront access
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Wood, Tile, Concrete, Vinyl, Laminate, Carpet
Building materials
Mobile, Wood Frame, Aluminum Siding, Wood Siding, Other Exterior
Roof type
Metal, Shingle
Architectural style
Other
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 12:06PM
MLS# 1657697
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 includes a 4,500-square-foot building with three separate apartment spaces, all currently rented, along with a storefront that is vacant. A second rental unit is provided by an older mobile home on the site. The main structure was built in 1973 and offers a blend of wood-frame construction, multiple flooring types, and oil and natural-gas heating components. Private well and septic systems serve the property, with open and off-street parking available.
The 3.28-acre parcel is in Belgrade Lakes Village and includes shared frontage on Long Pond. The property also features a private lot, a basement, and several existing residential amenities, including a first-floor bedroom, bathtub, and shower. The storefront provides additional commercial space within the mixed-use configuration.
The 3.28-acre parcel is in Belgrade Lakes Village and includes shared frontage on Long Pond. The property also features a private lot, a basement, and several existing residential amenities, including a first-floor bedroom, bathtub, and shower. The storefront provides additional commercial space within the mixed-use configuration.
Key Highlights
- 3.28‑acre parcel with shared frontage on Long Pond
- 4,500‑square‑foot mixed‑use building built in 1973
- Three separate apartments are currently rented
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
100%
Occupancy
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property combines three apartments, a rented mobile home, and an unused storefront in Belgrade Lakes 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: 3.28‑acre parcel with shared frontage on Long Pond; 4,500‑square‑foot mixed‑use building built in 1973; Three separate apartments are currently rented
