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    Weston Lodge with Lake Views Title is generated by Realmo AI

    341 US Route 1, Weston, ME 04424

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    Claim this Listing
    New
    For Sale
    $975,000

    COMMERCIAL - Weston, ME

    Property size:
    9,650 SF
    Lot size:
    42.50 Acres
    Price / SF:
    $101/SF
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 2:06 am

    Property Features for 341 US Route 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Rural
    Rooms
    Basement
    Basement
    Walk-Out Access, Daylight, Finished, Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    9,650 SF
    Lot size
    42.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9868

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Hot Water(Heating), Radiant, Wood, Propane (Heating), Oil
    Water source
    Well, Private

    Building Details

    Year built
    1997
    Flooring type
    Carpet, Wood, Laminate, Vinyl
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Wood, Composition

    We can help!

    Listing Contact
    Deborah Henderson

    Listing agent Deborah Henderson

    Listing office Realty of Maine 458 Main Street, Bangor, ME

    Listing date May 29, 2026

    MLS# 1641418

    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

    • Breathtaking views of Mt. Katahdin and the East Grand Lake Region on a private 42‑acre estate.
    • Turnkey property, fully furnished and equipped, including a 2023 Chevy 2500 Duramax truck with plow and Polaris Ranger UTV.
    • Six‑plus bedroom suites, each with a private bathroom, plus a large bunk loft, ideal for multigenerational living or commercial use.
    • Direct trail access for hiking, snowshoeing, cross‑country skiing, ATV riding, and snowmobiling (ITS trail).
    • Chef's kitchen with commercial‑grade appliances, great room with fieldstone fireplace, and spacious meeting/event room.
    • Enterprise‑grade UniFi WiFi 6, security camera system, and dedicated AC units for all suites.

    Overview

    Located in Weston, Maine, the First Settlers Lodge is a 42-acre private estate offering views of Mt. Katahdin and the East Grand Lake Region. Bordered by permanent conservation land, this four-season sanctuary provides privacy and direct trail access for hiking, snowshoeing, cross-country skiing, ATV riding, and snowmobiling. East Grand Lake is known for its fishing and boating opportunities. The lodge includes a main residence plus a guest wing, suitable for multigenerational living or commercial use. It features 6 or more bedroom suites, each with a private bathroom, and a large bunk loft. The chef's kitchen is equipped with commercial-grade appliances, and there is a dining room and a great room with a fieldstone fireplace and pellet insert. The upper level overlooks the great room and includes a guest room with a full bath and deck with views of East Grand Lake. The lower level offers a meeting or event room, private living space for the owners, and an in-law apartment. The property is being sold fully furnished and equipped. Included in the sale are a 2023 Chevy 2500 Duramax truck with a Boss plow, a Polaris Ranger UTV, and multiple trailers. It also features enterprise-grade UniFi WiFi 6, a security camera system, and dedicated AC units for all suites. Three outbuildings (two 10x30, one 10x20) provide storage space. The property spans 9,650 square feet and is zoned as Rural.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Real Estate Agency Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Washington
    State
    Maine
    Longitude
    -67.86975
    Latitude
    45.707358

    FAQs

    What type of property is this?
    Wedding venue - 42-acre estate with lodge, lake views, and recreational access.
    Where is this wedding venue located?
    The property is located at 341 US Route 1 Weston, 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: Breathtaking views of Mt. Katahdin and the East Grand Lake Region on a private 42‑acre estate.; Turnkey property, fully furnished and equipped, including a 2023 Chevy 2500 Duramax truck with plow and Polaris Ranger UTV.; Six‑plus bedroom suites, each with a private bathroom, plus a large bunk loft, ideal for multigenerational living or commercial use.
    (207) 852-7577
    We can help!
    Listing Contact
    Deborah Henderson
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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