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Refurbished Mixed-Use Village Property
For Sale
$565,000

75 Elm Street, Damariscotta, ME 04572

C1 zoning supports a commercial or live-work configuration with residential space above.

Property Size1,886 SF
Days on Market769

Property Features for 75 Elm Street

General Information

Standard status Active
Size 1,886 SF
Property subtype Commercial
Zoning C1

Taxes and HOA fees

Annual Taxes $3,276

Building Details

Building Size 1,886 SF
Year Built 1920
Listing Agency: Tim Dunham Realty
Listed By: Sharon Dunbar
Source: Startpoint
Added: Jul 23, 2024 Changed: Aug 29 Last Checked: Aug 29 at 3:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tim Dunham Realty

Investment Insights

Based on property information with market context.

This 1920 mixed-use property in Damariscotta village has been fully refurbished and most recently operated as a two-unit apartment building. The layout can also function as a single-family residence, while C1 zoning permits commercial use. A live-work arrangement is supported, with business or office space on the first level and residential use on the second.

The property is located at 75 Elm Street, next to Skidompha Library and near restaurants, galleries, boutiques, theatres, and the village waterfront. A separate barn provides storage and may also serve as a studio or workshop, adding functional space to the main building.

Key Highlights

  • Fully refurbished 1920 mixed‑use building
  • C1 zoning permits commercial use
  • Most recently configured as a two‑unit apartment building

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

577
Businesses Nearby

Demographics for 04572, ME

5,154
Population
2,957
Households
1.7
Avg Household Size
46
Median Age
33%
College-Educated
96%
High-School Grad
71.5 sq mi
ZIP Area
72
Density / Sq Mi
$66,072
Median Household Income
$40,657
Median Earnings
$271,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - C1 zoning supports a commercial or live-work configuration with residential space above.
Where is this mixed-use property located?
The property is located at 75 Elm Street Damariscotta, ME.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully refurbished 1920 mixed‑use building; C1 zoning permits commercial use; Most recently configured as a two‑unit apartment building
More about this property
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