Commercial Real Estate Market in Damariscotta, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 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 August 2026.
Office
Office vacancy in Damariscotta, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Damariscotta, ME asks $264/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Damariscotta, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
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
Rural
Residential
Other Commercial
Pond
Coastal Wetlands
Other Commercial (C-2)
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.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newcastle | — | — |
| Nobleboro | — | — |
| Bremen | — | — |
| Alna | — | — |
Commercial property in Damariscotta, ME asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Damariscotta?
Commercial property in Damariscotta, ME asks an average of $19 per square foot. Retail carries the highest asking price at $264/SF.
Where does Realmo's Damariscotta market data come from?
Realmo compiles Damariscotta, ME figures from 2 recent recorded sales, 8 active sale listings, 162 tracked off-market properties, the current Damariscotta zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Damariscotta, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
