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Jared McBride
REALTOR®
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11 Water Street, Damariscotta, ME 04543

$1,050,000
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Active
SQUARE FEET2,364 MLS#1663826
STATUSActive PROPERTY TYPECommercial - Business

Property Description

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 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.

11 Water Street | MLS# 1663826

This commercial property located at 11 Water Street, Damariscotta, ME 04543 is currently listed for sale with an asking price of $1,050,000. Search Damariscotta real estate on jaredmcbride.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Walk-Out Access, Finished, Full
Cooling: Heat Pump
Heating: Electric, Baseboard, Heat Pump
Lot Size: 0.22 Acres
Roof Type: Shingle
Taxes: $8,197
Year Built: 1930

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Carpet, Vinyl, Wood, Ceramic Tile
Foundation: Poured Concrete
Lot: Business District, Near Shopping
Parking: 5 - 10 Spaces, On Site
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: Newcastle Realty
Agency Contact: 207-563-1003
Agent Name: Patti Brown

Shown By

Agent Name: Jared McBride
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/04/2026. The listing information on this page last changed on 06/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 06/04/2026 12:01:23 AM EST) or MLSPIN MLS (last updated Wed 06/03/2026 11:38:42 PM EST) or Prime MLS (last updated Wed 06/03/2026 11:33:45 PM EST) or MREIS (last updated Wed 06/03/2026 11:55:16 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



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

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