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11 Water Street, 
Damariscotta, ME 04543

$1,050,000


Bed


5

Baths


2,724

Sq Ft


Multi-Family

Active

Listed by

Patti Brown, 207-563-1003

Newcastle Realty, 207-563-1003

Last updated:

May 22, 2026, 07:11 PM

MLS#

1663212

Source:

ME MREIS

About This Home

11 Water Street

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.

Home Facts

Multi-Family

5 Baths

Built in 1803

Price Summary

1,050,000

$385 per Sq. Ft.

MLS #:

1663212

Last Updated:

May 22, 2026, 07:11 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

2,724 Sq. Ft.


Structure

Structure

Architectural Style:

Federal

Building Area:

2,724 Sq. Ft.

Year Built:

1803


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$1,050,000

Price per Sq. Ft:

$385 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.