Built in 1805 as the schoolhouse in Sheepscot Village, Maine

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Commercial For Sale

11 Water St

Damariscotta, Maine 04543

Lincoln County

Community: 

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$1,050,000 0 br, 0.0 bath 2364 sq. ft. 0.220 acres

Built in 1805 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 . 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.

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 2364
  • Year Built: 1930
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Electric (Heating), Heat Pump (Heating), Baseboard
  • Garage: 
Exterior:
  • Lot Size: 0.220 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Wood Frame, Vinyl Siding
  • Roof: Shingle
  • Property Taxes: $8,197
  • MLS #: 1663826
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Contact Information:
Beach Commercial For Sale in Damariscotta, Maine
Listing Agent: Patti Brown, Newcastle Square Realty Associates, 207-530-2253, 207-563-1003 Listing Site, Listing Status: Active
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7802998
Viewed 8 times.
Updated: May 30, 2026

This property is a Commercial located at 11 Water St, Damariscotta, Maine 04543, and is currently For Sale at $1,050,000. This Commercial has 0 bedrooms, 0.0 baths, 2364 sq ft.