157 Main Street, Damariscotta, ME 04543

$1,450,000

Property Type: Commercial Square Footage: 8,238 Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $1,450,000 List Date: 6/25/2024 Last Modified: 1/19/2025

Overview

Description

Introducing 157 Main St, an exceptional investment opportunity in Damariscotta, ME. This historic 8,238 SF building features 12 units and boasts 100% occupancy, presenting a strong and reliable income stream for office building investors. Built in 1900 and zoned RB, this property offers a timeless appeal and strategic location. With a rich history and full occupancy, 157 Main St. represents a prime opportunity for investors seeking to capitalize on the stability and potential of the Damariscotta area.

Listing Details MLS# 1594656

Location Information

Street #: 157
Street Name: Main
Street Type: Street
County: Lincoln
Town: Damariscotta
State/Province: ME
Zip Code: 04543
Zip +4: 4649
Leased Land: No
Book: 2637
Page: 41-42
Map: 006
Lot: 009
Zoning: Commercial
Full Tax Amount $: 7884
Tax Year: 2023
Association Y/N: No

Contract Information

Original List Price: 1495000

Property Information

Primary Use: General Commercial
Surveyed: No
SqFt Finished Total: 8238
Lot Size Acres +/-: 0.18

Status Change Info

Pending Date: 2024-06-25
Closed Date: 2024-08-08
Closed Price: 1450000

Water Info

Water View: Yes

Location

Business District: Yes
Near Shopping: Yes

More Information

Property Uses

Retail: Yes

Water Body Type

River: Yes

Parking

On Site: Yes

Sold Terms Other

Arms Length: Yes

Property Features

Location: Business District; Near Shopping Water Body Type: River Property Uses: Retail Parking: On Site Sold Terms Other: Arms Length

Documents

Deed ›

Property Disclosure Non-Residential ›

IDX

Listing Office: Keller Williams Realty

Selling Office: The Boulos Company

Last Updated: January - 19 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.