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Belvedere Building 18 Belvedere Rd 3,181 SF 100% Leased Office Building Damariscotta, ME 04543 $775,000 ($243.63/SF)

Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,181 SF
Year Built
2003
Price
$775,000
Price Per SF
$243.63
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,060 SF
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | DAMA-000003-000000-000031-000007 | Improvements Assessment | $235,500 |
| Land Assessment | $137,700 | Total Assessment | $373,200 |
Property Taxes
Parcel Number
DAMA-000003-000000-000031-000007
Land Assessment
$137,700
Improvements Assessment
$235,500
Total Assessment
$373,200
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Belvedere Building | 18 Belvedere Rd
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