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.
33543372
33543373

157 Main Street, Belgrade, ME 04918

ET
ME 021427
Portside Real Estate Group
Listed by Portside Real Estate Group
$2,650,000
1 day on market
Updated 1 day ago

Waterfront Mixed-Use Investment Opportunity

Details
APN Map 26 Lot 6 & 22
Property Type Mixed Use, Hospitality (+1)
Sub Type Restaurant, Hotel
Square Footage 14,179
Units 14
Tenancy Vacant
Lease Type Modified
Class B
Year Built 1899
Stories 2
Acreage 0.890
Zoning Shoreland General Development; Mixed Use Commercial
Investment Type Value Add
Ground Lease No

Mixed Use | 14,179 SqFt

Marketing description

Exceptional investment opportunity in the heart of the Belgrade Lakes Region! Home to the renowned Village Inn & Tavern, this landmark waterfront property offers significant potential. Anchoring the offering is a 5700+/- SF lodge-style waterfront tavern formerly recognized for its award-winning dock and dine experience. The restaurant portion of the property presents a rare turnkey opportunity being fully furnished and equipped, including a commercial-grade kitchen, bar infrastructure, dining furnishings, and operational fixtures. Investors and operators can capitalize on the existing layout and infrastructure to expedite reopening, reposition the concept, or establish a new destination venue with significantly reduced startup costs. Its established reputation, waterfront appeal and ready-to-operate condition create an exceptional value-add opportuniity in a highly sought-after recreational market. Additionally, the property has eight beautifully renovated hospitality suites that showcase an elevated camp-style design, combining timeless character with contemporary amenities; each has a private bathroom, creating a turnkey foundation for lodging/hospitality. The property also includes spacious owner's quarters, ideal for an on-site owner or caretaker to support seamless operations. Perfectly positioned on a rare waterfront parcel with frontage on both Long Pond and Great Pond—two of the region's highly sought-after lakes—the property enjoys an irreplaceable setting at the center of one of Maine's premier destinations. Guests and visitors can enjoy direct access to boating, fishing, recreation, local dining and the vibrant village atmosphere that has made the Belgrade Lakes a destination for generations. With its unmatched location, established history, significant waterfront presence, and flexible commercial potential, this offering presents a compelling opportunity for investors seeking to capitalize on Maine's thriving tourism hospitality, and waterfront real estate markets. Properties with this combination of village convenience, dual-lake exposure, and income-producing potential are extremely rare.

Investment highlights

14,179 SF Waterfront Property

Ten Unit Investment Property:

  • 1 Restaurant [Dock & Dine]
    • 150-Seat Lakefront Restaurant/Wedding/ Event Facility – expansive commercial kitchen, fireside lounge, lake level pub, lakeside dining room, (2) waterfront dining & event lawns, currently available for triple-net lease. All licenses in place – food, liquor, lodging, retail
  • 8 Lodging Rooms each with their own private bathrooms.
  • 2 Bed / 1 Bath Apartment

Docks and owned waterfront on Great Pond & Long Pond

Onsite Parking

Listing Contacts

ET
ME 021427
Portside Real Estate Group
Listed by Portside Real Estate Group

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

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Emily Theriault
License
021427
Brokerage
Portside Real Estate Group
Brokerage Phone
207-495-3700
Title
Real Estate Broker
Brokerage Address
221 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