157 Main Street, Belgrade, ME 04918
Turnkey waterfront tavern with a furnished restaurant, commercial kitchen, and eight renovated suites with private bathrooms.
- Added:
- Jun 12, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 20 at 7:42 am
Property Features for 157 Main Street
General Information
- Standard status
- Active
- Size
- 14,179 SF
- Property subtype
- Mixed Use, Hospitality, Retail
Building Details
- Year Built
- 1899
Listing agent Emily Theriault License #021427
Listing office Portside Real Estate Group
Listing date Jun 12, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Portside Real Estate Group
HighLights
- Year built 1899 waterfront property featuring a 5,700+/- SF lodge‑style tavern and waterfront facilities.
- Restaurant portion is furnished and equipped, including a commercial‑grade kitchen, bar infrastructure, dining furnishings, and operational fixtures.
- Includes eight renovated hospitality suites, each with a private bathroom.
- Property has frontage on both Long Pond and Great Pond, providing dual‑lake waterfront access.
- Includes spacious owner’s quarters for on‑site owner or caretaker use.
- Short description: turnkey waterfront tavern with furnished restaurant, commercial kitchen, and eight renovated suites with private bathrooms.
Overview
The property is situated on a waterfront parcel with frontage on both Long Pond and Great Pond, part of the Belgrade Lakes Region. The waterfront setting supports direct enjoyment of boating, fishing, and recreation, along with access to a village dining atmosphere.
For operators seeking a hospitality property with food-and-beverage and lodging components, the existing layout and furnished nature of the restaurant portion may reduce the work required to reopen or reposition the concept. The combination of a waterfront tavern and multiple lodging suites can support a dual-use operating model, while the owner’s quarters provide space for on-site management support.
Local Financial Insights For Specialty Retail
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 | $255.2k | $18.00 |
| − Vacancy | −$43.4k | −$3.06 |
| EGI | $211.8k | $14.94 |
| − OpEx | −$53.0k | −$3.74 |
| NOI | $158.9k | $11.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belgrade
- County
- Kennebec
- State
- Maine
- Longitude
- -69.8877082
- Latitude
- 44.5280491
