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    26 School St Damariscotta, ME 04543

    For Sale
    $450,000

    Spacious Cape, 2642 sq ft, 1.11 acres

    Property size:
    2,642 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This versatile 2,642 square foot commercial property, located at 26 School Street in the charming town of Damariscotta, Maine, presents a unique opportunity. Situated on a 1.11-acre lot, this property boasts a sunny Cape-style building with ample space and numerous features. The interior includes a cozy living room fireplace, a separate dining room ideal for gatherings, and a large eat-in kitchen complete with a cook stove and another fireplace. The first floor offers a large bedroom, a full bathroom, and a smaller bedroom/office or den. Upstairs, two sizable rooms provide flexibility for bedrooms, a craft room, or other uses. The property also includes a newer one-car garage, a two-to-three-car garage, and a separate shop, providing extensive storage and workshop space. A picturesque brook meanders through the lower portion of the property, adding to its natural beauty. Conveniently located, town sewer is across the street, and town water is on the same side of the house. While the building's construction date is believed to be around the 1950s (though town records indicate 1853), this property offers significant potential for a variety of commercial uses, given its size, location, and existing structures. The property is zoned for both commercial and residential use. MLS#1612328.

    Property Features for 26 School St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,642 SF
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1853
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Damariscotta
    County
    Lincoln
    State
    Maine
    Longitude
    -69.51837
    Latitude
    44.03333

    Nearby Comparable

    • $999,000
      2,930 SF

      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
      85 Parking Lot Ln, Damariscotta, ME 04543
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    • $1,575,000
      10,314 SF

      Historic Damariscotta Inn & Grounds

      Prime Redevelopment Opportunity: 40 Acres, 22+ Rooms
      220 Bristol Rd, Damariscotta, ME 04543
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    Nearby Similar for Sale

    • $1,575,000
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Redevelopment opportunity in midcoast Maine on nearly 40 acres.
      220 Bristol Rd, Damariscotta, ME 04543
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    • $1,575,000
      10,314 SF

      Historic Damariscotta Inn & Grounds

      Prime Redevelopment Opportunity: 40 Acres, 22+ Rooms
      220 Bristol Rd, Damariscotta, ME 04543
      View Details
    • $999,000
      2,930 SF

      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
      85 Parking Lot Ln, Damariscotta, ME 04543
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious Cape, 2642 sq ft, 1.11 acres
    Where is this commercial real estate located?
    The property is located at 26 School St Damariscotta, ME.
    What is the asking price?
    The asking price for this property is $450,000.
    (207) 563-2775
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    26 School St Damariscotta, ME 04543
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    Damariscotta, ME 04543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26 School St Damariscotta, ME 04543
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