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181 Waterville Rd 4,000 SF 100% Leased Retail Building Belfast, ME 04915 $1,500,000 ($375/SF) 2.73% Cap Rate

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INVESTMENT HIGHLIGHTS

  • located on main road just outside of village
  • additional building could be used for office, rental, or additional business
  • turnkey restaurant opportunity

EXECUTIVE SUMMARY

FFE and inventory included in asking price

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Year Built
1980
Price
$1,500,000
Price Per SF
$375
Cap Rate
2.73%
NOI
$41,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
2.74 AC
Zoning
Special use

AMENITIES

  • Restaurant
  • Security System
  • Air Conditioning

ABOUT 181 WATERVILLE RD , BELFAST, ME 04915

Turnkey Restaurant Opportunity in Midcoast Maine. Rare chance to own a thriving, fully renovated restaurant in one of Maine's most desirable midcoast towns. With a loyal customer base, strong financials, and a reputation for exceptional, high-quality food, this established business is ready for its next chapter. The restaurant currently seats 80, with room to expand both indoors and out. The fully equipped kitchen is a chef's dream — thoughtfully designed for efficiency and versatility, with the capacity to feature a wide range of cuisines or signature dishes. Large coolers provide ample food storage, and the state-of-the-art beer and tap system complements the dining experience. A section of the restaurant features family-friendly arcade games, offering both additional income and an inviting, fun atmosphere that keeps guests of all ages entertained. In 2024, the entire property underwent a top-to-bottom renovation, including new wiring, insulation, furnace, cooling system, and heat pumps — ensuring modern comfort and reliability for years to come. Guests can enjoy outdoor dining in the fenced-in yard, creating a welcoming space for warm-weather service and special events. A separate building provides even more opportunity — currently used as a rental, it would also be perfect for an office or a complementary business such as an ice cream stand. Set on a generous lot with plenty of parking, and adjacent to snowmobile trails, this property combines the best of location, condition, and potential. Whether you're an experienced restaurateur or an entrepreneur with a vision, this turn-key opportunity places you right at the heart of Maine's vibrant midcoast dining scene. Financial and other information provided with

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BELF-000006-000000-000087-A000000
Land Assessment
$122,200 (2024)
Improvements Assessment
$199,500 (2024)
Total Assessment
$321,700 (2024)
  • Listing ID: 38087449

  • Date on Market: 10/15/2025

  • Last Updated:

  • Address: 181 Waterville Rd, Belfast, ME 04915

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