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181 Waterville Rd 4,000 SF 100% Leased Retail Building Belfast, ME 04915 $1,360,310 CAD ($340.08 CAD/SF) 4.10% 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

Kitchen fixtures and inventory not included in the price, but could be purchased separately if desired.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
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 (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
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
Building Class
C
Year Built
1980
Price
$1,360,310 CAD
Price Per SF
$340.08 CAD
Cap Rate
4.10%
NOI
$55,773 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
2.74 AC
Opportunity Zone
Yes
Zoning
Special use

Amenities

  • Restaurant
  • Security System
  • Air Conditioning

About 181 WATERVILLE RD , BELFAST, ME 04915

This property is currently operating as a successful restaurant, but could also be a commercial space for bar, office, or any other number of opportunites in one of Maine's most desirable midcoast towns. Located just 3 miles outside of the downtown area, the restaurant currently seats 80, with room to expand both indoors and out. 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.

Property Taxes

Property Taxes

Parcel Number
BELF-000006-000000-000087-A000000
Land Assessment
$166,230 CAD
Improvements Assessment
$431,762 CAD
Total Assessment
$597,992 CAD
  • Listing ID: 38087449

  • Date on Market: 2025-10-15

  • Last Updated:

  • Address: 181 Waterville Rd, Belfast, ME 04915

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