2 Elm Street, Damariscotta, ME 04543

$1,500,000
Property Type: Commercial Square Footage: 1,741 Lot Size (sq. ft.): 1,307 Status: Closed
Current Price: $1,500,000 List Date: 8/05/2022 Last Modified: 1/08/2025

Description

This historic building has been home to many interesting businesses over its 100+ years and has long been a staple in the Damariscotta community as well as to tourists over the years. Today, its warmth draws the visitor into the first floor pub with brick walls, handsome cherry floors and low beams hung with old iron hooks holding handmade mugs. Customers can fill one of the mugs with handcrafted brews from right here in Maine, or England, Ireland or one of the many renowned breweries in between! The extensive menu and daily offerings of native seafood, steaks, cuts from the butcher, and fresh produce provide just the right pairing. Step upstairs to the warm and comfortable dining room and peruse a ''wine lovers'' wine list, the same extensive menu and handmade desserts offered in the Pub. The oyster bar is aptly named for the local Damariscotta River oysters that are served in the intimate little bar. So be it in the Pub, up a few steps to the Oyster Bar or up a few more steps to the Dining Room, customers enjoy some of the freshest, most creative and comfortable dining on the Mid Coast in a welcoming old village setting. This is a very busy restaurant, open year-round, with a very good reputation. They serve lunch and dinner, but new owners could open for breakfast and see immediate additional revenue. There are a total of 84 seats inside and 20 on the front patio with umbrella tables. Patio heaters are added for chilly weather. The staff and customers are very loyal to this establishment! Financials provided with signed NDA and only to qualified buyers.

Supplements: ********

More Information MLS# 1496883

Location Information

Book: 3110 Leased Land: No Page: 71 Map: 006 Lot: 036 Zoning Overlay: Unknown Association Y/N: No Street #: 2 Street Name: Elm Street Type: Street County: Lincoln Town: Damariscotta State/Province: ME Zip Code: 04543 Zoning: 12 Commercial Full Tax Amount $: 4880 Tax Year: 2020 Geo Lat: 44.033186 Geo Lon: -69.531964

Property Information

Primary Use: General Commercial Surveyed: Unknown Deed/Conveyance Type Offered: Warranty Other Deed/Conveyance Type Offered: Municipal Quit Claim Deed: All Deed Restrictions: Unknown Lot Size Acres +/-: 0.03 Year Renovated +/-: 1997 Total # Floors: 2 Year Built: 1850 SqFt Finished Total: 1741

Location

Business District: 1 Downtown: 1 Historic District: 1 Near Shopping: 1

Property Uses

Bar/Tavern/Lounge: 1 Restaurant: 1

Construction

Masonry: 1

Basement

Crawl Space: 1

Foundation Materials

Stone: 1

Exterior

Brick: 1 Other Exterior: 1

Roof

Flat: 1 Membrane: 1

Heat System

Hot Water: 1

Cooling

Heat Pump: 1

Floors

Carpet: 1 Other: 1 Wood: 1

Parking

Off Site: 1 Paved: 1

Electric

Circuit Breakers: 1

Utilities

Utilities On: Yes

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Contract Information

Status: Closed Original List Price: 1750000 Sold Price: $1,500,000 Current Price: $1,500,000

Status Change Info

Pending Date: 2022-06-07 Closed Date: 2022-08-04 Closed Price: 1500000

Property Features

Location: Business District; Downtown; Historic District; Near Shopping Construction: Masonry Property Uses: Bar/Tavern/Lounge; Restaurant Basement: Crawl Space Foundation Materials: Stone Exterior: Brick; Other Exterior Roof: Flat; Membrane Heat System: Hot Water Cooling: Heat Pump Floors: Carpet; Other; Wood Parking: Off Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Portside Real Estate Group
IDX
Last Updated: January - 08 - 2025
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