38 Spring St Belfast, ME 04915
- Office Properties & Spaces
- 2,040 SF
- 0.29 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 38 Spring St
- Year built
- 1875
- Lot size
- 0.29 lot acres
- Property size
- 2,040 SF
- Property type
- Office Properties & Spaces
Description
This exceptional commercial property, located at 38 Spring Street in the heart of downtown Belfast, Maine, presents a unique investment opportunity. The main building encompasses 2,040 square feet and features four individual office spaces, each offering a self-contained workspace, perfect for professionals or small businesses. In addition to the office spaces, a spacious 880-square-foot, two-bedroom apartment provides potential for rental income or owner occupancy. A separate storage building on the property includes seven individual storage units, generating additional revenue streams. The property sits on a sizable 0.29-acre lot, offering significant potential for future development. Given its location within the Downtown Commercial zone, the property is well-suited for a variety of uses. However, any proposed changes to the existing structure or intended use will require consultation and approval from the Belfast Planning and Code Department to ensure compliance with all local regulations. This property offers a blend of immediate income generation and exciting long-term development prospects, making it an attractive investment in a thriving Maine community. The existing buildings are in place and ready for immediate use, while the expansive lot size allows for future expansion or redevelopment to suit the needs of a discerning investor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belfast
- County
- Waldo
- State
- Maine
- Longitude
- -69.00561
- Latitude
- 44.4252
