85 Parking Lot Ln Damariscotta, ME 04543
This exceptional mixed-use property in the heart of Damariscotta, Maine, presents a unique investment opportunity. Boasting 2,930 square feet on a 0.08-acre lot, this building offers stunning Damariscotta Harbor and River views. The ground floor currently operates as a fully equipped restaurant, complete with a bar, ample seating, and an outdoor deck, plus a convenient ice cream window. All restaurant equipment is included, allowing for immediate operation. Upstairs, two residential units provide additional income potential. One unit features a spacious deck with breathtaking waterfront views. The property's prime location in downtown Damariscotta ensures high visibility and accessibility. This versatile property is ideal for a creative entrepreneur seeking to combine business ownership with rental income. The existing restaurant's name and recipes are not included in the sale. This is a turnkey opportunity to own a thriving business and valuable rental properties in a highly desirable location. Don't miss this chance to acquire a piece of Damariscotta's vibrant waterfront scene. The property is priced at $999,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.