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157 Main Street
Belgrade, ME 04918
Asking Price
$2.65M
Asset Type
Restaurant Mixed-use
Class
Class B
What's Special
Mixed Use | 14,179 SqFt <p>14,179 SF Waterfront Property</p><p>Ten Unit Investment Property:</p><ul><li>1 Restaurant [Dock & Dine]<ul><li><strong style="color: rgba(0, 0, 0, 1)">150-Seat Lakefront Restaurant/Wedding/ Event Facility</strong><span style="color: rgba(0, 0, 0, 1)"> – expansive commercial kitchen, fireside lounge, lake level pub, lakeside dining room, (2) waterfront dining & event lawns, currently available for triple-net lease. </span><strong style="color: rgba(0, 0, 0, 1)">All licenses in place</stron
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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,110.754
Annual Cash Flow
$-77,329.049
