Historic Mixed-Use Building with
11 Water Street Damariscotta, ME 04543
New
11 Water Street, Damariscotta, ME, 04543
$995,000
For Sale
$995,000
COMMERCIAL - Damariscotta, ME
Property Size2,364 SF
Lot Size0.22 Acres
Price / SF$420.90
Days on Market4
Property Features for 11 Water Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Rooms
- Basement
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- Size
- 2,364 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8197
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1803
- Flooring type
- Tile - Ceramic, Wood, Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency
Newcastle Realty
(207) 563-1003
87 Main Street, Damariscotta, ME
Listed by
Patti Brown
(207) 530-2253
Added: Jul 14 Checked: Jul 17 at 10:06 am
MLS# 1663826
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at a downtown landmark address, this historic building was built in 1803 as a schoolhouse in Sheepscot Village and was relocated to the riverfront in the 1950s. It was enlarged and added a steeple, later serving as a Christian Science Church until 2010. The property was extensively renovated and updated in 2011 to accommodate the restaurant Savory Maine, including exterior and building system improvements.
Today, the building offers four separate units: three one-bedroom apartments and one studio. The renovation work included adding a dormer and two skylights to create a bright one-bedroom apartment, converting the church office into a studio apartment, and constructing two expansive waterfront decks. Electrical wiring and plumbing were replaced, with Airkrete insulation added throughout the exterior walls, roof, and between floors. The building also features mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters.
Adjacent to a large public parking lot, the property is in a highly visible in-town setting. Zoning is listed as C-1, and the current layout also preserves flexibility for potential commercial or mixed-use reconfiguration.
Today, the building offers four separate units: three one-bedroom apartments and one studio. The renovation work included adding a dormer and two skylights to create a bright one-bedroom apartment, converting the church office into a studio apartment, and constructing two expansive waterfront decks. Electrical wiring and plumbing were replaced, with Airkrete insulation added throughout the exterior walls, roof, and between floors. The building also features mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters.
Adjacent to a large public parking lot, the property is in a highly visible in-town setting. Zoning is listed as C-1, and the current layout also preserves flexibility for potential commercial or mixed-use reconfiguration.
Key Highlights
- Built in 1803 as the schoolhouse in Sheepscot Village, Maine; relocated to Damariscotta riverfront in the 1950s
- Currently configured as 4 separate units: three 1‑bedroom apartments and one studio
- Extensive renovation and updates in 2011 for restaurant Savory Maine, including dormer and two skylights to create a bright 1‑bedroom apartment
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four separate residential units in a landmark historic building, with extensive 2011 renovations and outdoor decks.
Where is this quadplex located?
The property is located at 11 Water Street Damariscotta, ME.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Built in 1803 as the schoolhouse in Sheepscot Village, Maine; relocated to Damariscotta riverfront in the 1950s; Currently configured as 4 separate units: three 1‑bedroom apartments and one studio; Extensive renovation and updates in 2011 for restaurant Savory Maine, including dormer and two skylights to create a bright 1‑bedroom apartment
