435 Main StDamariscotta, ME 04543

Property Details for 435 Main St

Year built

2020

Lot size

11.30 AC

Property size (Sq ft)

2,700 SF

Zone code

RB

Property type

Retail properties

Property subtype

Banks

APN

DAMA M:001 L:056-001

APU

DAMAM001L056001

Description

This exceptional commercial real estate opportunity presents a portfolio of two buildings totaling 27,525 square feet situated at 435 Main Street in Damariscotta, Maine. Currently fully vacant, this property offers significant potential for a variety of retail uses. The flexible layout allows for multiple tenants, with spaces ranging from a minimum of 5,525 square feet to a maximum contiguous space of 22,000 square feet. The property is zoned as a single-use zone (Zoning 1) and features a single-story design across both buildings. The property's diverse zoning allows for a wide range of commercial uses, including but not limited to retail, restaurants, car washes, convenience stores, day care facilities, service stations, gas stations, and bars. The property's location on Main Street in Damariscotta provides excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong community presence. The APN is 001-056-001, located in Lincoln County, Maine, zip code 04543. This is a rare opportunity to acquire a substantial retail portfolio in a thriving Maine coastal community. The entire 27,525 square feet is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $656,194

  6.5%

  $605,718

  7%

  $562,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $889,011

  Geo Method

  $889,011

• Alternative Use

  Use

  Valuation

  Residential

  $510,946

  Hospitality

  $468,023

  Educational

  $389,390

  Medical

  $402,782

  Retail

  $605,718

Location Insight

City

Damariscotta

County

Lincoln

State

Maine

Latitude

44.0332

Longitude

-69.5131

Property Tax & Assessments

FAQs

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