Waterfront Lodge-Style Tavern &
157 Main Street, Belgrade, ME 04917
COMMERCIAL - Belgrade, ME
Property size:
13,179 SFLot size:
0.89 AcresPrice / SF:
$204/SF- Added:
- Jun 12, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 1 at 4:06 pm
Property Features for 157 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- SHORELAND
- Rooms
- Basement
- Parking features
- Off Street
- Interior features
- Storage
- Basement
- Sump Pump, Daylight, Finished, Unfinished, Walk-Out Access, Dirt Floor
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 13,179 SF
- Lot size
- 0.89 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14108
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Heat Pump (Heating), Baseboard, Hot Water(Heating), Zoned, Propane (Heating), Oil, Wood
- Cooling system
- Window Unit(s), Heat Pump
- Water source
- Well, Private
- Water front features
- Stream, Lake, Waterfront
- Water front
- 1
Building Details
- Year built
- 1899
- Flooring type
- Concrete, Tile, Wood, Carpet, Vinyl
- Building materials
- Wood Frame, Clapboard, Vinyl Siding, Wood Siding
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Stephanie Gardner (207) 592-5577
Listing office Portside Real Estate Group 221 Main Street, Belgrade Lakes, ME (207) 495-3700
Listing date Jun 12, 2026
MLS# 1656478
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.
HighLights
- 5700+/- SF lodge‑style waterfront tavern formerly Village Inn & Tavern, with restaurant portion fully furnished and equipped including a commercial‑grade kitchen and bar infrastructure.
- Waterfront parcel with frontage on both Long Pond and Great Pond, plus direct access supported by on‑site waterfront features.
- Includes 8 renovated hospitality suites, each with a private bathroom.
- Property includes spacious owner’s quarters for on‑site owner or caretaker use.
- Utilities: well and private water supply; septic tank and private sewer; metal roof.
- Accessibility and parking: accessible approach with ramp and off‑street parking.
Overview
This offering combines a lodge-style waterfront tavern with turn-key hospitality lodging. Anchoring the property is an approximately 5,700+/- SF tavern space that was formerly operated as a dining venue, with the restaurant portion presented as furnished and equipped. Included are a commercial-grade kitchen, bar infrastructure, dining furnishings, and operational fixtures, supporting a straightforward restart of restaurant operations. The property also includes eight renovated hospitality suites featuring a camp-style design, each with a private bathroom, along with spacious owner’s quarters for an on-site owner or caretaker.
Set on a waterfront parcel, the property has frontage on both Long Pond and Great Pond. Located at 157 Main Street in Belgrade, the asset is positioned to serve a recreation-driven guest base associated with the Belgrade Lakes region.
For buyers or operators seeking an established hospitality and dining footprint, the configuration provides multiple on-site revenue streams: a waterfront tavern/restaurant with included equipment and a set of lodging suites designed for guest comfort. The presence of owner’s quarters can also help support day-to-day management, whether the new concept follows the existing layout or transitions to a new destination approach within the existing infrastructure. Zoning is SHORELAND.
Set on a waterfront parcel, the property has frontage on both Long Pond and Great Pond. Located at 157 Main Street in Belgrade, the asset is positioned to serve a recreation-driven guest base associated with the Belgrade Lakes region.
For buyers or operators seeking an established hospitality and dining footprint, the configuration provides multiple on-site revenue streams: a waterfront tavern/restaurant with included equipment and a set of lodging suites designed for guest comfort. The presence of owner’s quarters can also help support day-to-day management, whether the new concept follows the existing layout or transitions to a new destination approach within the existing infrastructure. Zoning is SHORELAND.
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 | $237.2k | $18.00 |
| − Vacancy | −$40.3k | −$3.06 |
| EGI | $196.9k | $14.94 |
| − OpEx | −$49.2k | −$3.74 |
| NOI | $147.7k | $11.21 |
13,179 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,671 @ 7.0% cap · market cap 5.48%
Second Best
Hotel Hospitality
$1.14M
$997.7K – $1.33M
NOI $79,815 @ 7.0% cap · market cap 2.96%
Theoretical Best
Warehouse
$19.66M
$17.20M – $22.94M
NOI $1,376,325 @ 7.0% cap · market cap 51.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- Belgrade
- County
- Kennebec
- State
- Maine
- Longitude
- -69.8877082
- Latitude
- 44.5280491
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Ready-to-operate waterfront lodge property with a fully equipped tavern restaurant and eight furnished hospitality suites.
Where is this hotel located?
The property is located at 157 Main Street Belgrade, ME.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 5700+/- SF lodge‑style waterfront tavern formerly Village Inn & Tavern, with restaurant portion fully furnished and equipped including a commercial‑grade kitchen and bar infrastructure.; Waterfront parcel with frontage on both Long Pond and Great Pond, plus direct access supported by on‑site waterfront features.; Includes 8 renovated hospitality suites, each with a private bathroom.
