Former Down Easter Inn
Apartment/Affordable Housing/Residential Redevelopment Opportunity
Marketing description
Nestled on nearly 40 acres in the picturesque town of Damariscotta, Maine, this historic property offers a unique opportunity for redevelopment. With roots dating back centuries, this esteemed estate is listed on the National Register of Historic Places and features a stunning Greek Revival facade that exudes timeless elegance.
The main house includes nine bedrooms (three with ensuite baths and several with fireplaces), a reception area, an impressive front porch, a dining room, a living room, and a kitchen. A 22-room guest wing, added in the 1980s, provides flexibility for conversion into apartments, assisted living units, or other creative uses. Adjacent to the main building, a two-bedroom cottage with its own living room, kitchen, and bathroom offers potential as a private residence or staff housing. A detached garage provides ample storage and could be repurposed as a workshop, fitness center, or studio space.
The expansive grounds are ideal for outdoor activities, community events, or further development. Located just a short drive from Pemaquid Beach, Boothbay Harbor, and other local attractions, this property offers convenient access to the best of Midcoast Maine.
With zoning changes allowing for creative redevelopment, this property presents a rare opportunity to transform a piece of Maine’s history into a residence, affordable housing, apartments, or possible assisted living facility.
Investment highlights
- Former 25 guest room inn redevelopment opportunity
- Separate two-bedroom cottage
- Several additional bedrooms in main house
- 39+ acres with potential for additional apartments or residential units
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