NOT LISTED FOR SALE

38 Spring St Belfast, ME 04915

Estimated Value: $566,000 - $674,281

5 Beds
3 Baths
2,040 Sq Ft
$305/Sq Ft Est. Value

About This Home

Unlock the potential of this rare commercial offering in vibrant downtown Belfast. Situated on a generous 0.29-acre lot, this versatile property includes a professional building with four private office suites and a 2-bedroom apartment (880 sq ft) — ideal for owner-occupancy, rental income, or live/work possibilities. Also included is a separate structure housing seven individual storage units, generating steady income with minimal overhead. Located in the sought-after Downtown Commercial Zone, this property offers incredible potential for future development, expansion, or reimagining to suit a variety of business or mixed-use ventures. All proposed changes to use should be discussed with the Belfast Planning & Code Department. Whether you're an investor, entrepreneur, or developer, this is a unique chance to own a downtown footprint with built-in cash flow and room to grow.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2008
Sold by
Small Sheryl L
Bought by
Lee G R
Current Estimated Value
$622,320
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee G R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2025 07/21/25 Price Changed $575,000 -14.8% $282 / Sq Ft
09/03/2024 09/03/24 For Sale $675,000 -- $331 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,623 $624,900 $344,900 $280,000
2023 $4,957 $246,600 $86,200 $160,400
2022 $5,093 $238,000 $86,200 $151,800
2021 $5,236 $238,000 $86,200 $151,800
2020 $5,140 $220,600 $80,800 $139,800
2019 $4,967 $216,900 $80,800 $136,100
2018 $4,924 $216,900 $80,800 $136,100
2017 $4,750 $216,900 $80,800 $136,100
2016 $4,967 $216,900 $80,800 $136,100
2015 $4,859 $216,900 $80,800 $136,100
2014 $4,696 $216,900 $80,800 $136,100
2013 $4,512 $216,900 $80,800 $136,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Samuel Mitchell

    Worth Real Estate, Inc.

    (207) 323-1954

    41 in this area

    92 Total Sales

    Samuel Mitchell
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Map

Maine Waldo County Belfast 04915

38 Spring St, Belfast, ME

Not Listed for Sale

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