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Mixed-Use Building with Ballroom Residence
New
For Sale
$1,690,000

159 High Street, Belfast, ME 04915

Commercial Sale, Belfast, ME

Property Size7,695 SF
Lot Size0.07 Acres
Price / SF$219.62
Days on Market2

Property Features for 159 High Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Downtown Commercial
Rooms Basement
Parking features On Street
Basement Full, Walk-Out Access
Lot features Water View, Historic District, Near Shopping
Standard status Active
Size 7,695 SF
Lot size 0.07 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 17015

Utilities

Sewer type Public Sewer
Heating system Baseboard, Oil, Electric (Heating), Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Amenities

full basement
updated heat pumps
heat pump hot-water heater
rear parking
deeded easements for fire escape access

Building Details

Year built 1824
Number of units 3
Flooring type Wood, Tile, Laminate
Building materials Masonry, Brick
Roof type Flat
Listing Agency: RE/MAX JARET & COHN · RE/MAX International
Listed By: Erin Merrifield · License #BR926565
Added: Nov 5 Last Checked: Nov 6 at 4:06AM
MLS# 1687022

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.

Rey
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Investment Insights

Based on property information with market context.

At 159 High Street, this 7,695-square-foot mixed-use property combines a street-level commercial storefront with two residential spaces. The storefront is leased and features wood flooring, tin ceilings, and large windows. One apartment occupies the level above, while a larger residence spans the upper floors and includes exposed brick, chimneys, detailed moldings, tile flooring, a kitchen and dining area, and a ballroom with chandeliers and a built-in bar. Renovation work began in 2017, with further updates in 2023 and 2024. The property also has a full basement, heat pumps, a heat-pump water heater, and rear parking.

Located in downtown Belfast, the upper residence looks toward Belfast Harbor, the waterfront, and nearby bridges. Restaurants, galleries, boutiques, and the working waterfront are nearby. The property was built in 1824, has a 0.07-acre lot, and is served by public water and public sewer. Zoning is Downtown Commercial.

Key Highlights

  • 7,695‑square‑foot mixed‑use property with storefront and two residences
  • Street‑level commercial storefront is leased
  • Upper residence includes ballroom, built‑in bar, and harbor‑facing kitchen and dining area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility 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.

Location Intelligence

Trade Area within ½ mile

693
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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A leased storefront and two residences sit within a renovated downtown property overlooking Belfast Harbor.
Where is this mixed-use property located?
The property is located at 159 High Street Belfast, ME.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 7,695‑square‑foot mixed‑use property with storefront and two residences; Street‑level commercial storefront is leased; Upper residence includes ballroom, built‑in bar, and harbor‑facing kitchen and dining area
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