Newcastle Realty is pleased to announce the listing of a highly visible Bangor Savings Bank branch location in the heart of downtown Damariscotta. Located on Main Street with direct frontage along the Damariscotta River, the property represents a rare opportunity to reimagine one of downtown’s most prominent commercial sites. (Bangor Savings Bank announced several weeks ago that they plan to close this location on 3/31/26).

The offering includes an existing commercial building together with a large rear parcel providing on-site parking and long-term flexibility—features that are difficult to find within the downtown area. “This is truly one of the more unique commercial properties to come to market in Damariscotta in recent years,” said Dennis Hilton, Designated Broker at Newcastle Realty.

“The combination of Main Street visibility, river frontage, and available land creates exciting possibilities for continued commercial use, adaptive reuse, or future redevelopment, subject to local approvals.” Bangor Savings Bank, and Damariscotta Bank & Trust before them, served the Damariscotta community for many years, and the transition of this property opens the door for a new chapter that could further enhance the vitality of the downtown area.

Properties offering both water access and parking within a walkable village center are exceptionally scarce, making this listing notable not only for investors and developers, but for the broader community as well. Newcastle Realty, a local family-owned brokerage with deep roots in Lincoln County, is proud to represent Bangor Savings Bank in marketing this important property. Additional details and photographs will be available through Newcastle Realty’s website.

For more information, please contact Newcastle Realty at (207) 563-1003 or visit MyNewcastle.com.