11 Water Street, Damariscotta, ME 04543

$1,050,000
Property Type: Multi-Family Baths: 5 Square Footage: 2,724 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $1,050,000 List Date: 5/21/2026 Last Modified: 6/05/2026

Description

Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010. The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright one-bedroom apartment and the church office became a studio apartment that is a very popular Airbnb. Two expansive waterfront decks were constructed and all of the electrical wiring and plumbing was replaced. Additional upgrades include Airkrete insulation throughout the exterior walls, roof, and between floors, mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters. Today, the building offers four separate units--three one-bedroom apartments and one studio--while retaining the flexibility to accommodate a wide range of commercial or mixed-use possibilities. Located adjacent to a large public parking lot, the property enjoys a highly visible and convenient in-town setting in the heart of downtown Damariscotta. Its prime Midcoast location places it within easy reach of destinations such as Pemaquid Point Lighthouse, Pemaquid Beach Park, Boothbay Harbor, and the Camden-Rockport area. With its rich history, extensive upgrades, and exceptional location, this is a rare commercial opportunity well-positioned to attract customers, tenants, or clients for years to come.

Supplements: ********

More Information MLS# 1663212

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: 158 Map: 6 Lot: 6 Zoning: C-1 Zoning Overlay: Unknown Association: No Full Tax Amount $: 8197 Tax Year: 2025 Tree Growth Y/N: No Geo Lat: 44.031652 Geo Lon: -69.531105

Contract Information

Status: Active Original List Price: 1050000 List Price: $1,050,000 Current Price: $1,050,000

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Number of Units: 4 Total Baths: 5 Total Full Baths: 4 Total Half Baths: 1 Color: White Year Built: 1803 SqFt Finished Above Grade: 2364 SqFt Finished Below Grade: 360 SqFt Finished Total: 2724 SqFt Source: Other Other Source of Square Footage: Public Record and Measured Furniture: Partially Garage: No Lot Size Acres +/-: 0.22 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 63 Source of Road Frontage: Public Records

Water Info

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

Units

# of 1 BD Units: 4

Unit 1

Lease: Yes Level: Basement Security Deposit: Yes Monthly Rent: 1600 # Full Baths: 1 # of Half Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2315 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1275 # Full Baths: 1 # of Rooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2005 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Property Features

Site: Corner Lot; Open; Rolling/Sloping Location: Business District; Intown; Near Shopping Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Source of Water Frontage: Survey Water Body Type: River View: Scenic Style: Federal Structure Type: Post & Beam Levels: Multi-Level Construction: Wood Frame Basement: Finished; Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Heat Pump Water Heater: Gas; On Demand Cooling: Heat Pump Floors: Carpet; Ceramic Tile; Vinyl; Wood Patio and Porch Features: Deck; Patio Equipment: Internet Access Available Energy Efficiency: Tankless Water Heater Driveway: Common Parking: 5 - 10 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Newcastle Realty
Last Updated: June - 05 - 2026
11 Water Street, Damariscotta, ME 04543- MLS# 1663212
Broker Attribution: 207-563-1003

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