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65 Main StreetDamariscotta, ME 04543Price: $750,000

  • Price: $750,000
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $750,000List Price
  • 0.14Acreage
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Listed by Legacy Properties Sotheby's International Realty
Prime retail space on Main Street, Damariscotta. Presently Stars Fine Jewelry, a thriving business for over18 years. Classic coastal Maine design, in excellent condition, faithfully maintained and improved by the current owners. Entrance and egress off Main Street with double glass doors to the back just off the shop's private parking/municipal parking lot with fabulous water views. The Main Street access with an extra wide door and no steps to impede walk-in traffic making the building handicapped accessible. Four private parking places are situated on the lot, a tremendous asset. A stylishly decorated interior with an open floor plan suitable for many different kinds of commercial applications. There is a large back office and bathroom, both with windows overlooking the river. Two spacious attics provide ample storage and could potentially be converted to an apartment with water views. This section of Main Street has high foot and traffic counts, excellent visibility with other quality establishments surrounding the property there is an affluent clientele from which to draw. Damariscotta is a year-round town, not just a tourist destination; the local businesses thrive on patronage throughout the year. This property will appeal to multiple potential buyers. For the investor, a high rate of return is possible as commercial properties command high per square foot rental rates. For someone looking to start or expand their Jewelry business, this is a proven, highly profitable location, in which the building and business is available together as a package for $995,000. The business component alone is available for purchase as a shell for $225,000. Owner financing is available to qualified buyers. Also available for purchase is Stars Fine Jewelry, a business well supported and loved by the community supplying their clientele with gifts commemorating important events in their lives. Another important service offered is jewelry repair.

Property Details of 65 Main Street

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

The Land Brothers participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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