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18 Belvedere Road, Damariscotta, ME 04543

Three-level Cape-style office building with multiple private suites and ample on-site parking in a C-2 commercial district.

Property Size3,181 SF
Lot Size1.36 Acres
Price / SF$243.63
Days on Market58

Property Features for 18 Belvedere Road

General Information

Standard status Active
Size 3,181 SF
Lot size 1.36 Acres
Property subtype Office
Zoning C-2

Additional Details

Road Access Yes
Office Units 11

Building Details

Year Built 2003
Stories 3
Tenancy Multi
Listing Agency: Newcastle Realty
Listed By: Dennis Hilton · License #ME DB921838
Source: Crexi
Added: Jun 10 Changed: Jul 10 Last Checked: Aug 5 at 2:06PM

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 Newcastle Realty

Investment Insights

Based on property information with market context.

Well-maintained, multi-tenant Cape-style office building offering three levels of finished office space, including a fully utilized lower level. The property includes multiple private suites, common areas, and ample on-site parking. The building is currently configured as 11 individual office units serving a mix of professional and nonprofit tenants. Office rents are structured on a per-office basis, supporting an income-producing setup while maintaining a flexible internal layout.

The building sits on a 1.36± acre parcel in the C-2 commercial district and is located just off Route 1 in Damariscotta. A newly constructed, landscaped roundabout provides safe and efficient access to the site, with the structure positioned toward one side of the lot. This site layout may allow for future expansion, additional structures, or reconfiguration of parking, subject to local approvals.

Designed to support continued professional use, the existing layout and access work well for professional office, counseling, or medical space. The property also suits owner-user occupancy, with the option to maintain multiple suites. As a broker-owned offering, it presents a practical combination of current multi-unit functionality, on-site parking, and long-term site flexibility within the C-2 district.

Key Highlights

  • Year Built 2003 three‑level Cape‑style multi‑tenant professional office building with fully utilized lower level
  • Configured as 11 individual office units with multiple private suites and common areas
  • 1.36± acre parcel in the C‑2 commercial district with ample on‑site parking

Property Analytics

Current Use

Carol Sherman Hayes Foster Care Service Break of Day Mental ... Crisis Center Mayfly Designworks Architectural Designer New Hope Midcoast Crisis Center

Suggested Use

Top Pick Plumbing Service Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store

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

11
Office units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

91
Businesses Nearby

Demographics for 04543, ME

2,297
Population
1,339
Households
1.7
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
12.4 sq mi
ZIP Area
185
Density / Sq Mi
$59,659
Median Household Income
$31,474
Median Earnings
$974
Median Rent
$333,000
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office units - Three-level Cape-style office building with multiple private suites and ample on-site parking in a C-2 commercial district.
Where is this office units located?
The property is located at 18 Belvedere Road Damariscotta, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Year Built 2003 three‑level Cape‑style multi‑tenant professional office building with fully utilized lower level; Configured as 11 individual office units with multiple private suites and common areas; 1.36± acre parcel in the C‑2 commercial district with ample on‑site parking
More about this property
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