Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    85 Parking Lot Ln Damariscotta, ME 04543

    For Sale
    $999,000

    Harbor views, restaurant, 2 rentals

    Property size:
    2,930 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property in the heart of Damariscotta, Maine, presents a unique investment opportunity. Boasting 2,930 square feet on a 0.08-acre lot, this building offers stunning Damariscotta Harbor and River views. The ground floor currently operates as a fully equipped restaurant, complete with a bar, ample seating, and an outdoor deck, plus a convenient ice cream window. All restaurant equipment is included, allowing for immediate operation. Upstairs, two residential units provide additional income potential. One unit features a spacious deck with breathtaking waterfront views. The property's prime location in downtown Damariscotta ensures high visibility and accessibility. This versatile property is ideal for a creative entrepreneur seeking to combine business ownership with rental income. The existing restaurant's name and recipes are not included in the sale. This is a turnkey opportunity to own a thriving business and valuable rental properties in a highly desirable location. Don't miss this chance to acquire a piece of Damariscotta's vibrant waterfront scene. The property is priced at $999,000.

    Property Features for 85 Parking Lot Ln

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,930 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Damariscotta
    County
    Lincoln
    State
    Maine
    Longitude
    -69.53207
    Latitude
    44.03255

    Nearby Comparable

    • $398,000

      Newcastle Land for Sale

      Two lots totaling 112.88 acres in Newcastle, Maine.
      Hopkins Hill Rd, Newcastle, ME 04553
      View Details
    • $450,000
      2,642 SF

      Damariscotta Commercial Property

      Spacious Cape, 2642 sq ft, 1.11 acres
      26 School St, Damariscotta, ME 04543
      View Details
    • $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

    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
      View Details
    • $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
    • $450,000
      2,642 SF

      Damariscotta Commercial Property

      Spacious Cape, 2642 sq ft, 1.11 acres
      26 School St, Damariscotta, ME 04543
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Harbor views, restaurant, 2 rentals
    Where is this mixed-use property located?
    The property is located at 85 Parking Lot Ln Damariscotta, ME.
    What is the asking price?
    The asking price for this property is $999,000.
    (207) 563-1003
    Request Owner's contact information
    85 Parking Lot Ln Damariscotta, ME 04543
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85 Parking Lot Ln
    Damariscotta, ME 04543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    85 Parking Lot Ln Damariscotta, ME 04543
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.