11 Water Street, Damariscotta, ME 04543 ⋆

11 Water Street, Damariscotta, ME 04543

$895,000

Currently houses 3 apartments and 1 AirBnB

Lower portion of the living area, top floor apartment

Kitchen and laundry, top floor apartment

Main floor apartment open concept living space

11 Water Street (MainFloor When it was a

Main floor when it was a church sanctuary

Lower level apartment opens on to waterfront patio

Lower level apartment kitchen (was a commercial kitchen)

Water view from the main level studio apartment

Waterfront view from the AirBnB side yard

Property Type: Commercial Square Footage: 2,925 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $895,000 List Date: 5/25/2026 Last Modified: 10/05/2026

Overview

Description

A rare opportunity to own a waterfront income-producing property in the heart of downtown Damariscotta. 11 Water Street combines four residential rental units, established income, significant recent improvements, on-site parking, and approximately 70 feet of frontage on the Damariscotta River. Situated directly in downtown Damariscotta, it is within easy walking distance of restaurants, shops, and galleries, offering an option that is exceptionally difficult to find. The building's layout and commercial zoning offer flexibility for an owner who may ultimately envision a different mix of residential, commercial, or mixed-use occupancy, creating the opportunity to acquire an established income-producing property today while retaining options for tomorrow. The significant work required to maintain and modernize an older property has already been completed, including updated electrical and plumbing systems, insulation, heat pumps, roofing and gutters, and a sprinkler system. The building h ... (Read more)

Listing Details MLS# 1663826

Location Information

Street #: 11
Street Name: Water
Street Type: Street
County: Lincoln
Town: Damariscotta
State/Province: ME
Zip Code: 04543
Zip +4: 4061
Leased Land: No
Book: 4369
Page: 18
Map: 6
Lot: 6
Zoning: C-1
Zoning Overlay: Unknown
Full Tax Amount $: 8197
Tax Year: 2025
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 1050000

Property Information

Primary Use: Mixed Use
Surveyed: Yes
Deed/Conveyance Type Offered: Warranty
Year Built: 1803
SqFt Finished Total: 2925
Lot Size Acres +/-: 0.22
Road Frontage +/-: 63

Water Info

Waterfront: Yes
Waterfront Amount: 70
Water Frontage Owned: 70
Water View: Yes
Water Body Name: Damariscotta River

More Information

Property Features

Location: Business District; Near Shopping Source of Water Frontage: Survey Water Body Type: River Construction: Wood Frame Structure Type: Post & Beam Levels: Multi-Level Property Uses: Bed & Breakfast; Child Care; Church; Commercial; Freestanding Building; Institutional; Neighborhood Center; Office Building; Restaurant; Retail Basement: Finished; Full; Walk-Out Access Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Heat Pump Cooling: Heat Pump Floors: Carpet; Ceramic Tile; Vinyl; Wood Parking: 5 - 10 Spaces; On Site Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

Deed Public Access ›

Survey ›

FIRMette ›

Listing Office: Newcastle Realty

Last Updated: October - 05 - 2026

Broker Attribution: 207-563-1003

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

11 Water Street, Damariscotta, ME 04543 (MLS# 1663826)