Building Details

Building Size 8,238 SF

Year Built 1900

Buildings 1

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: David Costello · License #923558 Show Phone

Source: Amerorealty

Added: May 20, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:25PM

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Investment Insights

Based on property information with market context.

At 157 Main Street in Damariscotta, this office building contains 8,238 SF across 12 units. Constructed in 1900, it is currently 100% occupied.

Key Highlights

• 8,238 SF building
• 12 office units
• 100% occupancy

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Midcoast CoWork Coworking & Hybrid Office Stephen Kahn, PhD Physician Insook's Alterations-Dry Clean (Bike/Boat/Book/etc) Store Serenity Hair Salon Hair Salon Aves Appraisal Real Estate Agency

Suggested Use

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

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

Lease Details

12

Office units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

577

Businesses Nearby

Explore this area Business Placement

Demographics for 04543, ME

2,297

Population

1,339

Households

1.7

Avg Household Size

53

Median Age

40%

College-Educated

96%

High-School Grad

12.4 sq mi

ZIP Area

185

Density / Sq Mi

$59,659

Median Household Income

$31,474

Median Earnings

$974

Median Rent

$333,000

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

Similar For Sale Nearby

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$749,000

3,181 SF

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Historic Hotel with Guest Cottage

220 Bristol Road, Damariscotta, ME 04543

$1,450,000

10,314 SF

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4-Unit Waterfront Quadplex

11 Water Street, Damariscotta, ME 04543

$895,000

2,925 SF

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Retail Storefront with Display Windows

93 Main Street #1, Damariscotta, ME 04543

$425,000

1,536 SF

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Frequently Asked Questions

What type of property is this?

Office building - The multi-unit office property is fully occupied and dates to 1900.

Where is this office building located?

The property is located at 157 Main Street Damariscotta, ME.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 8,238 SF building; 12 office units; 100% occupancy