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    220 Bristol Road Damariscotta, ME 4543

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    For Sale
    $1,575,000

    Prime Midcoast Maine redevelopment property with historic inn and acreage.

    Type:General Commercial
    Property size:
    10,314 SF
    Lot size:
    40.00 Acres
    Price / SF:
    $152/SF
    Added:
    May 13, 2025
    Days on Market:
    353
    Last Refresh:
    Apr 1 at 8:53 pm

    Property Features for 220 Bristol Road

    General Information

    Standard status
    Active
    Size
    10,314 SF
    Lot size
    40.00 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    David Costello

    Listing agent David Costello

    Listing office Keller Williams Realty

    Listing date May 13, 2025

    Source Xome

    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 Keller Williams Realty

    Overview

    Historic Inn Redevelopment Opportunity

    Located in Damariscotta, Maine, the Down Easter Inn is a redevelopment property situated on nearly 40 acres. The property is listed on the National Register of Historic Places and features a Greek Revival façade. The main house includes nine bedrooms, some with fireplaces, a reception area, an impressive front porch, a dining room, a living room, and a kitchen. In addition to the main house, there are 22 guest rooms, each with its own ensuite, added in the 1980s. The cottage offers a private retreat with two bedrooms, a living room, a kitchen, and a bathroom. A separate two-car garage provides additional storage or alternate use such as bike rental storage, fitness center, or gift shop. The expansive grounds are suitable for weddings, games, and other events. The property is a short drive from Pemaquid Beach, Boothbay Harbor, and other local attractions. The building size is 10314 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Down Easter Inn Hotel & Motel Huston House Tour Operator

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center Hotel & Motel Department Store Skin Care Clinic Storage Facility

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

    Similar Places Nearby

    • Down Easter Inn — 220 Bristol Rd, Damariscotta, ME 04543

    Location Insight

    • Map
    • Local Demand
    City
    Damariscotta
    County
    Lincoln
    State
    Maine
    Longitude
    -69.5292484
    Latitude
    44.0175885

    Nearby Similar for Sale

    • $650,000
      6,000 SF

      Damariscotta Commercial Building For Sale

      Well-maintained 6,000 SF commercial building suitable for medical or professional use.
      4 Edwards Avenue, Damariscotta, ME 04543
      View Details
    • $1,575,000
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Redevelopment opportunity in midcoast Maine on nearly 40 acres.
      220 Bristol Road, Damariscotta, ME 04543
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Prime Midcoast Maine redevelopment property with historic inn and acreage.
    Where is this bed & breakfast located?
    The property is located at 220 Bristol Road Damariscotta, ME.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity on nearly 40 acres in Midcoast Maine.; **22 guest rooms each with ensuite**, plus 9 bedrooms in the main house.; Listed on the National Register of Historic Places with a Greek Revival façade.
    (207) 879-9800
    We can help!
    Listing Contact
    David Costello
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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