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Renovated Restaurant with Event Space
New
For Sale
$900,000

181 Waterville Road, Belfast, ME 04915

Commercial Sale, Belfast, ME

Property Size4,832 SF
Lot Size2.74 Acres
Price / SF$186.26
Days on Market1

Property Features for 181 Waterville Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Special Use
Interior features Storage
Lot features Other Location, Near Shopping
Standard status Active
Size 4,832 SF
Lot size 2.74 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7183

Utilities

Sewer type Septic Tank
Heating system Electric (Heating), Propane (Heating), Forced Air, Heat Pump (Heating)
Cooling system Heat Pump
Water source Well, Private
Water front features Stream

Amenities

backyard
separate building
snowmobile trail access

Building Details

Year built 1988
Flooring type Heavy duty, Concrete, Tile
Building materials Wood Frame, Wood Siding
Roof type Shingle
Additional Structures Storage
Listing Agency: Harcourts Waterfront & Fine Properties
Listed By: Charlene Hamiwka
Added: Sep 13 Last Checked: Sep 13 at 5:06PM
MLS# 1640672

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.

Investment Insights

Based on property information with market context.

This 4,832-square-foot restaurant property occupies 2.74 acres and is configured for service to up to 80 guests. The main building includes a commercial kitchen, prep areas, storage coolers, a tap system, storage, and dining space. A separate building adds additional usable area for office, guest, rental, or related business functions. Outdoor grounds include an expansive backyard, while abundant parking supports on-site activity. Restaurant equipment is not included in the sale.

A 2024 renovation addressed wiring, insulation, the furnace, cooling system, and heat pumps. The property also features a stream, well water, private septic, wood-frame construction, wood siding, shingle roofing, concrete and tile flooring, and Special Use zoning. Direct access to a snowmobile trail system provides a distinctive recreational connection for hospitality and event-oriented operations.

Key Highlights

  • 4,832‑square‑foot restaurant property on 2.74 acres
  • Main building configured for seating up to 80 guests
  • Commercial kitchen, prep areas, storage coolers, and tap system

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Grocery & Convenience Store Big Box & Wholesale Store Real Estate Agency Arcade & Gaming Center Department 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.

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby
Well-served
Demand for This Use

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with commercial kitchen infrastructure, separate secondary building, outdoor gathering areas, and Special Use zoning.
Where is this conventional restaurant located?
The property is located at 181 Waterville Road Belfast, ME.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,832‑square‑foot restaurant property on 2.74 acres; Main building configured for seating up to 80 guests; Commercial kitchen, prep areas, storage coolers, and tap system
More about this property
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