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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Location Information

Building Number27-29
StreetRiver Road Road

Building

BasementUnfinished
Year Built2000
FoundationPoured Concrete
RoofShingle

Exterior

ExteriorVinyl Siding

Property Information

Property UsesCommercial, Distribution, Flex, Industrial, Office Building, Warehouse

Basic Information

List Price$1,545,000
MLS Number1476637
Address27-29 River Road Road
Broker NamePorta & Company
Modification Date11/20/2020
Agent ID017653
Broker ID3041
MLS StatusActive

Utilities

WaterPrivate

Legal

ZoningD5 Village Business

Other

View Count1

Location

StateME
TownNewcastle
Zip04553
LocationNear Turnpike/Interstate, Water Frontage, Water View
CountyLincoln
Map12, 12, 12

Property

Acreage2.72
Sq Ft Finished Total20,240
Leased LandNo

Amenities

UsmAmenitiesBasement

Photos

Number of Photos11
Last Img Trans Date11/20/2020

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Your Questions & Comments I found a listing on "Coldwell Banker American Heritage Real Estate" which you may be interested in:

I used to be a licensed real estate agent many years ago in CT. I have been involved in a number of R.E. transactions over the past 35 years, from Florida to Maine. It takes a unique combination of talents to reach the level of expertise that Mr. Sloan has demonstrated consistently while assisting me with the purchase of 3 properties over the last 5 or so yeras. As a rule, I do not give written recommendations. This one is truly deserved.

Dave Wilson

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