www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33492471
33492470

18 Belvedere Road, Damariscotta, ME 04543-4645 For Sale

DH
ME ME DB921838
Newcastle Realty
Listed by Newcastle Realty
$775,000
41 days on market
Updated 8 days ago

A Landmark Opportunity at the Gateway to Damariscotta

Details
APN DAMA-000003-000000-000031-000007
Property Type Office
Sub Type Traditional Office
Square Footage 3,181
Net Rentable (SqFt) 3,181
Units 16
Cap Rate 6.20%
Occupancy 90%
Tenancy Multi
Lease Type Modified
Class B
Year Built 2003
Stories 3
Acreage 1.380
Zoning C-2
Parking Spaces 15 spaces
Parking per 1,000 SqFt 4.72
Investment Type Stabilized

Strong in-place income with significant upside through lease stabilization.

Marketing description

Well-maintained multi-tenant professional office building in a highly convenient Damariscotta location just off Route 1, benefiting from a newly constructed and nicely landscaped roundabout providing safe and efficient access. This attractive Cape-style structure offers three levels of finished office space, including a fully utilized lower level, with multiple private suites, common areas, and ample on-site parking. This is a Broker owned property. The property is currently configured as 11 individual office units serving a mix of professional and nonprofit tenants, providing stable income with additional upside. Rents are structured on a per-office basis and reflect strong per-square-foot performance. Situated on a generous 1.36± acre parcel in the C-2 commercial district, the building is positioned toward one side of the lot, offering potential for future expansion, additional structures, or reconfiguration of parking, subject to local approvals. Existing layout and access support continued use as professional office, counseling or medical space, or owner-user occupancy. An excellent opportunity for investors, medical or professional users, or buyers seeking a combination of current income and long-term flexibility in a desirable Midcoast Maine setting. This is a broker-owned property.

Investment highlights

  • Well-maintained multi-tenant professional office building in a highly convenient Damariscotta location just off Route 1
  • Benefiting from a newly constructed and nicely landscaped roundabout providing safe and efficient access
  • Cape-style structure offers three levels of finished office space, including a fully utilized lower level
  • Multiple private suites, common areas, and ample on-site parking
  • Currently configured as 11 individual office units serving a mix of professional and nonprofit tenants
  • Providing stable income with additional upside
  • Rents are structured on a per-office basis and reflect strong per-square-foot performance
  • Generous 1.36± acre parcel in the C-2 commercial district
  • Building is positioned toward one side of the lot, offering potential for future expansion, additional structures, or reconfiguration of parking
  • Existing layout and access support continued use as professional office, counseling or medical space, or owner-user occupancy
  • Broker-owned property

Listing Contacts

DH
ME ME DB921838
Newcastle Realty
Listed by Newcastle Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Dennis Hilton
License
ME DB921838
Brokerage
Newcastle Realty
Brokerage Phone
2075631003
Title
President
Brokerage Address
87 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591