32 Belgrade Road $649,000

32 Belgrade Road Oakland, ME 04963

Year Built: 1850
Square Footage: 4998 sq ft
Lot Size (Acres): 0.38

Historic 1850 home, superb waterfront location and excellent long term reputation are the ingredients that blend together to make this an appetizing opportunity or Investment. The Pressey House with its unique octagon shaped home and 3 story attached post & beam barn sits on an elevated site just 50 feet from the lake and offering 100 feet of private shore front, 2 docks and boat house. This property benefits from year round diversified, stable cash flow due to long term, off season - Sept-May, apartment style rentals for local professionals. Excellent reputation as a bed and breakfast with 5 unique style rooms just 10 minutes to Colby and Thomas colleges and Waterville Maine. A classic home with wide pumpkin pine floors and period details, quiet solitude with an open fire place and endless views of Messalonskee Lake. Open common area with beautiful views allow for family retreats, retirement parties and meetings with breakout rooms. Town water and sewer.
 

Town: Oakland
Zoning: Shoreland
Taxes: $6,670
Tax Year: 2018
MLS ID: 1422579
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John McCarthy
Legacy Properties Sotheby's International Realty

With more than 30 years of experience as a former owner/operator of a 60-unit waterfront motel in Midcoast Maine and as a hospitality consultant with clients in New York, Florida and the West Indies, John has more hands on experience in the hospitality industry than most in his field. For the last several years John has focused on facilitating sales of hospitality properties representing buyers, sellers, banks and limited partnerships. His years of industry experience as an owner and consultant adds a unique perspective to help the deals such as Boatyards, Golf courses, motels and restaurants all come to a closing. John is a licensed Broker in Maine, currently a Hospitality specialist for Legacy Properties Sotheby's International Realty and has studied at State University of New York and NYU's Stern School of Business focusing on the Hospitality sector. He is also a member of the Maine Innkeepers Association, the Maine Real Estate and Development Association (MEREDA) and the Maine Commercial Association of Realtors.