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Mixed-Use Property with Restaurant

85 Parking Lot Lane, Damariscotta, ME 04543

For Sale
$899,000

Two residential units occupy the upper floor above the restaurant space.

Property Size2,930 SF
Price / SF$306.83
Days on Market345

Property Features for 85 Parking Lot Lane

General Information

Standard status Active
Size 2,930 SF
Property subtype Commercial
Zoning Commercial

Restaurant

Patio Yes
Equipment Included Yes

Additional Details

Furnished Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $6,521

Amenities

harbor and river view
ice cream window

Building Details

Building Size 2,930 SF
Year Built 1959
Stories 2
Listing Agency: Blue Lobster Real Estate
Listed By: Deborah Schling
Source: Integrityhomesrealestategroup
Added: Dec 2, 2025 Changed: Nov 11 Last Checked: Nov 11 at 2:25AM

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 Blue Lobster Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 2,930-square-foot mixed-use property, built in 1959, combines a ground-floor restaurant with two residential units on the second level. The restaurant has a full bar, indoor seating, outdoor deck dining, and a side window for ice cream service. Restaurant equipment is included. One of the upstairs units has a deck with views of Damariscotta Harbor and the river.

Located in downtown Damariscotta, the property is zoned Commercial.

Key Highlights

  • 2,930‑square‑foot mixed‑use building constructed in 1959
  • Ground‑floor restaurant space includes a full bar, seating, outdoor deck dining and an ice cream service window
  • Two residential units are located on the second floor

Property Analytics

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Current Use

Conventional restaurants

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.

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two residential units occupy the upper floor above the restaurant space.
Where is this mixed-use property located?
The property is located at 85 Parking Lot Lane Damariscotta, ME.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,930‑square‑foot mixed‑use building constructed in 1959; Ground‑floor restaurant space includes a full bar, seating, outdoor deck dining and an ice cream service window; Two residential units are located on the second floor
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