Commercial Real Estate Market in Damariscotta, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 162 off-market properties in Damariscotta, ME.
Market Trends
Damariscotta, ME spans 12.4 square miles in Lincoln County, Maine. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Damariscotta, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Lincoln County, retail space asks $315/SF to buy. Retail vacancy in Damariscotta, ME runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Damariscotta, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Across Lincoln County, multifamily space asks $295/SF to buy. Multifamily vacancy in Damariscotta, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 73.6%
- Residential 8.3%
- Commercial 6.5%
- Civic 0.3%
Largest Zones share of zoned land by district
Revised 2/23/2000: Article 2 - Definition of Light Manufacturing and Article 3. C.2.b Other Commercial (C2) Revised June 12, 2002: Wireless Communication Revised July 10, 2002 Revised December 4, 2003: Article 10 - Building Permits, Article 3 - Districts, Article 5 - Commercial Districts, Article 8 - Municipal District; renumbered several sections for clarit…
Market overview
Demographics & Economy
Damariscotta, ME has 2,297 residents in 1,339 households. Density runs 185 people per square mile. Median household income here is $59,659 and median gross rent $974 a month.
Tools
Nearby Markets
Commercial property in Damariscotta, ME asks $235/SF. The 2 bordering markets run from $234/SF in Boothbay to $284/SF in Edgecomb, and the city sits below their $259/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Damariscotta?
How does Damariscotta compare to nearby markets on price?
Where does Realmo's Damariscotta market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 0 active for-lease listings in Damariscotta, ME. The sale median is based on 9 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,378 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
