Technical
Financial
Distress signals
Property profile

38 Spring St Belfast, ME 04915

OFF-MARKET
Office Spaces
Property ID
US42-0481817
2,040 SF 0.29 ac lot Built 1875
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1875
Total area 2,040 SF
Lot 0.29 ac (12,632 SF)
UPID US42-0481817

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center
  • Dental Office
  • Storage Facility
  • Accounting Firm Tax Preparation

Location

38 Spring St Belfast, ME 04915
Belfast metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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