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33492284

11 Water Street, Damariscotta, ME 04543-4061

DH
ME ME DB921838
Newcastle Realty
Listed by Newcastle Realty
$1,050,000
19 days on market
Updated 17 days ago

Prime Waterfront Mixed Use Opportunity

Details
APN DAMA-000006-000000-000006
Property Type Hospitality, Mixed Use (+1)
Sub Type Mixed Use
Square Footage 2,364
Units 4
Tenancy Multi
Price per SqFt $444
Class C
Year Built 1803
Year Renovated 2011
Acreage 0.220
Zoning C-1
Parking Spaces 5 spaces
Parking Per SqFt 2.12
Investment Type Stabilized
Ground Lease No

Former restaurant space, income producing apartments

Marketing description

Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010. The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright one-bedroom apartment and the church office became a studio apartment that is a very popular Airbnb. Two expansive waterfront decks were constructed and all of the electrical wiring and plumbing was replaced. Additional upgrades include Airkrete insulation throughout the exterior walls, roof, and between floors, mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters. Today, the building offers four separate units--three one-bedroom apartments and one studio--while retaining the flexibility to accommodate a wide range of commercial or mixed-use possibilities. Located adjacent to a large public parking lot, the property enjoys a highly visible and convenient in-town setting in the heart of downtown Damariscotta. Its prime Midcoast location places it within easy reach of destinations such as Pemaquid Point Lighthouse, Pemaquid Beach Park, Boothbay Harbor, and the Camden-Rockport area. With its rich history, extensive upgrades, and exceptional location, this is a rare commercial opportunity well-positioned to attract customers, tenants, or clients for years to come.

Investment highlights

  • Post & Beam structure
  • Multi-Level building
  • 70 feet of waterfront on Damariscotta River
  • Poured concrete foundation
  • Vinyl siding exterior
  • Shingle roof
  • Baseboard and heat pump heating system
  • Electric heat fuel
  • Public water and public sewer
  • Finished, full, walk-out basement
  • Circuit breakers
  • Wood frame construction
  • 5-10 parking spaces on site
  • Business district location near shopping
  • Waterfront views

Listing Contacts

DH
ME ME DB921838
Newcastle Realty
Listed by Newcastle Realty

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Zoning

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C-1 CommercialCore CommercialDowntown Commercial
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Patti Brown
License
ME AB
Brokerage
Newcastle Realty
Title
Broker of Record
Brokerage Address
87 Main Street, Damariscotta ME 04543
Name
Dennis Hilton
License
ME DB921838
Brokerage
Newcastle Realty
Brokerage Phone
2075631003
Title
President
Brokerage Address
87 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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