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Mixed-Use Property with Apartments
For Sale
$975,000

243 High Street, Belfast, ME 04915

An office building and a separate two-unit apartment building occupy the site.

Property Size5,500 SF
Lot Size2.40 Acres
Price / SF$177.27
Days on Market1339

Property Features for 243 High Street

General Information

Standard status Active
Size 5,500 SF
Lot size 2.40 Acres
Property subtype Commercial
Zoning RESII

Additional Details

Road Access Yes
Land Use residential, commercial

Taxes and HOA fees

Annual Taxes $8,708

Building Details

Building Size 5,500 SF
Year Built 1900
Buildings 2
Abandoned No
Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group
Listed By: Stephanie Cross
Source: Amerorealty
Added: Mar 3, 2023 Changed: Oct 31 Last Checked: Oct 31 at 2:14PM

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 Better Homes & Gardens Real Estate/The Masiello Group

Rey
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Investment Insights

Based on property information with market context.

The property combines an office building with a separate two-unit apartment building on 2.4 acres. It is zoned RESII and is designated by the city as subject to contract rezoning. The site was formerly home to Waldo County Hospital.

Located at 243 High Street in Belfast, the property has water views of Belfast Harbor and sits one block from the waterfront and minutes from downtown. Two curb cuts on High Street and one on Pierce Street provide multiple access points.

Key Highlights

  • 2.4‑acre mixed‑use property with an office building and separate two‑unit apartment building
  • Water views of Belfast Harbor; one block from the waterfront
  • Two curb cuts on High Street and one on Pierce Street

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

712
Businesses Nearby

Demographics for 04915, ME

9,110
Population
5,192
Households
1.8
Avg Household Size
50
Median Age
44%
College-Educated
94%
High-School Grad
73.1 sq mi
ZIP Area
125
Density / Sq Mi
$59,083
Median Household Income
$39,267
Median Earnings
$1,009
Median Rent
$261,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - An office building and a separate two-unit apartment building occupy the site.
Where is this mixed-use property located?
The property is located at 243 High Street Belfast, ME.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2.4‑acre mixed‑use property with an office building and separate two‑unit apartment building; Water views of Belfast Harbor; one block from the waterfront; Two curb cuts on High Street and one on Pierce Street
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