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About the Listing 3138 - 020197
Unique opportunity to own a versatile income-producing property on Route 1 in Nobleboro. Situated on 5.25 subdivideable acres, the property currently features two distinct residences plus additional space for expansion. The main home is a fully restored 1700s Colonial with 2 bedrooms and 1.5 baths, blending period charm—wide plank floors, exposed beams, enclosed porch—with modern upgrades like a new kitchen, updated baths, and a skylit great room. The second dwelling, a spacious double-wide, has been partially converted into a one-bedroom apartment with brand-new kitchen, bath, and laundry, while the remaining half offers a flexible open layout with half bath and separate entrance—ready to finish as another rental unit, workspace, or studio. With land already approved for division into three parcels, owners can generate income through multiple avenues: rentals, subdivision, or business use. Just minutes to Damariscotta and the midcoast, this property offers rare versatility and long-term investment potential.
Listing Highlights for 48 U.S. Rte 1
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
1636087
Year Built
1794
Total Square Footage
2,981
Lot/Acreage
5.25
County
Lincoln
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full / 2 Half
- Appliances: Tankless Water Heater
- Air Cond:
- Heating: Wood Stove,Radiant,Hot Water,Forced Air,Direct Vent Furnace,Baseboard
- Fireplaces: 1
- Floor:
- Above Ground Sq Ft: 2981
- Below Ground Sq Ft: 0
- Basement: Dirt Floor,Exterior Only
- Other: In-Law Apartment,1st Floor Bedroom,Bathtub,One-Floor Living
- Water: Private
Exterior Details
- Lot Description: Rolling/Sloping,Pasture/Field,Near Shopping,Near Turnpike/Interstate
- Garage Capacity: N/A
- Zoning: Mixed Use
- Roof: Shingle
- Others:
- Sewer: Private Sewer
- Parking Features: 11 - 20 Spaces,Gravel
Financial Details
- Tax Amount: $2,727
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
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Listing Location
Questions About..
48 U.S. Rte 1 Nobleboro, ME 04555
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