Housing
This section of the BDN aims to help readers understand Maine’s housing crisis, the volatile real estate market and the public policy behind them. Read more Housing coverage here.
A nearly $3 million property in Greenville offers the chance to live in a luxury condominium above a restaurant and marina in the southernmost cove of Moosehead Lake.
The multi-use property on Pritham Avenue covers 9,000 square feet and sits on .22 acres with about 165 feet of frontage on Moosehead Lake. Today, it contains a large commercial space on the first floor, a marina, and three luxury housing units on the second and third floors.
While the spacious homes have served as popular short-term rentals, they could easily become long-term housing, be an investment property or an owner-occupied arrangement, said John Saint-Amour of LandVest, the listing agent for the property.
“If someone wanted to come in, live in one of those suites, or all three of them, they could certainly do that and then continue to have the restaurant and the marina run as an ongoing operation,” Saint-Amour said.
The property hit the market in mid-August with an asking price of $2.95 million. It’s one of a handful of properties for sale along the edge of Moosehead Lake — a popular vacation destination — but its unique configuration could be the opportunity for a buyer to have more than a seasonal or permanent home in Greenville.
“Greenville is the gateway to the lake and the region,” Saint-Amour said. “It’s perfect for someone who understands the heartbeat of the community and sees this as an opportunity to carry on a popular year-round entertainment and gathering venue.”
The second floor has two luxury apartments with another on the third floor. One of the second-floor units has three bedrooms and two bathrooms and the others are two-bedroom, two-bathroom suites.
Two of the apartments offer decks overlooking the marina and lake, but all three feature wood floors, 10-foot ceilings, large kitchens with stone counters, tile showers and marble bathroom vanities, among other luxury finishes.
“The rentals are booked solid,” Saint-Amour said. “People love staying there because they love being right in the center of town and having access to the lake.”
On the first floor, Dockside Tavern is capable of holding 240 guests. Aside from a commercial kitchen and large bar, the restaurant offers a 1,400-square-foot lakeside deck with a propane firepit.
“Anyone who ever goes to Greenville most likely has eaten at Dockside Tavern,” Saint-Amour said. “Anyone with any sort of connection to Moosehead or Greenville will know this property.”
The restaurant overlooks a marina capable of holding 18 boats. There’s also another bar space on a fixed float on the lake.
The property is being sold entirely furnished, including all cooking and dining equipment in the restaurant. The building’s second floor also has laundry facilities and an office space, the listing shows.
The sellers bought the property in 2019 when it was “a shell of a building,” Saint-Amour said.
“They wanted to help revitalize the downtown Greenville area, so they bought it, gutted it down to the studs, and they did a complete remodel of everything from the walls out,” Saint-Amour said.
The sellers also own the restaurant, but are selling only the property, not the business inside it, according to Saint-Amour.
“He’s selling an investment opportunity for someone who wants to carry on this legacy,” Saint-Amour said. “A new owner could come in and it would be seamless and invisible to the public because nothing would change.”