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27-29 River Road RoadNewcastle, ME 04553Price: $1,545,000

  • Price: $1,545,000
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Federal 30-year interest rate: 2.72% last updated on Nov 25, 2020
* 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.
  • $1,545,000List Price
  • 2.72Acreage
  • 2000Year Built

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Amazing opportunity for an adaptive housing redevelopment, continued function as a mixed-useproperty, or master plan development on Newcastle's premier site poised for investment.The Property consists of four parcels- (1) A 1.0+/- acre parcel improved by a two-story flex office buildingtotaling 20,240 +/- SF. (2) A 0.78+/- acre parcel improved by a two-story 'Captain's House' buildingtotaling 2,794 +/- SF. (3) A 0.69+/- acre unimproved lot. (4) A 0.25+/- acre unimproved parcel offering wateraccess to the Damariscotta River. All four parcels total 2.72+/- acres, which 2.47+/- acres are contiguousand positioned directly off Route 1 with unrestricted views of the Damariscotta River and DowntownDamariscotta. The Property is prime for redevelopment as offers value-add components in an attractiveand bustling Midcoast Maine community. A few of many property highlights to note:Scenic View EasementRooftop Solar Installed in 2017Parcel with Water Access IncludedFavorable Zoning CodeWalking Distance via sidewalk to Downtown DamariscottaRoute 1 on/off ramp average daily vehicle count: 10,860

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Listed by Porta & Company

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. ©2020 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Live Maine Team - RE/MAX Infinity participates in MREIS' Maine Internet Data Exchange (Maine IDX) 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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