38 Academy Hill Road
Newcastle, ME 04553
Map
- 4 beds
- 3 baths
- 3,060 sqft
- 14,810 sqft lot
- $241 per sqft
- 2015 build
- – on site
Versatile Live/Work Property in Prime Newcastle Location. An exceptional opportunity to live and work just steps from downtown Newcastle and Damariscotta's vibrant shops, restaurants, and waterfront. This unique two-building property offers flexibility, income potential, and convenience in one of Midcoast Maine's most desirable locations. The property includes a separate 2-bedroom, 1-bath manufactured home, ideal for rental income or extended family, as well as a spacious 2-bedroom, 1-bath apartment located above a versatile 50' x 30' main building. The main building is built for business or hobby use, featuring: Radiant floor heating throughout Three large bays with sliding doors that can be used separately or together Ceiling-mounted 6,000 lb hoist for serious projects or commercial use Security camera system covering all areas With its flexible layout and prime location, this property is perfect for entrepreneurs, tradespeople, or investors seeking live/work convenience or multi-use rental options. Don't miss this rare chance to own a one-of-a-kind property in the heart of Newcastle. Also being listed as MLS # 1625927.
Last checked:
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Checking…
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Last updated Jun 9, 2025
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MLS# 1625926 —
The Building
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Year Built:2015
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Construction Materials:Metal Clad, Mobile, Steel Frame
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Roof:Metal
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Basement:Not Applicable
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Direction Faces:None
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Building Features:None
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Building Area Total:3060.0
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Building Area Source:Seller
Interior
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Rooms Total:9
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Kitchen:true
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Fireplace:false
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Fireplace Features:None
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Flooring:Concrete, Carpet
Room Dimensions
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Living Area:None
Financial & Terms
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Land Lease:false
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Rent Includes:None
Location
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Directions:None
The Property
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Lot Features:Level, Industrial Park, Intown
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Lot Size:14,810 Sqft
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Lot Size Area:0.34
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Lot Size Acres:0.34
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Lot Size Units:Acres
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Lot Size Source:Public Records
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Lot Size Dimensions:None
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Zoning:D5
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Property Attached:No
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Current Use:None
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Possible Use:None
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Topography:None
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (207) 380-2671
- Office phone:
- (207) 563-2775
Taxes
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Tax Year:2024
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Tax Annual Amount:$3,009.68
Beds
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Bedrooms Total:4
Baths
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Full Baths:2
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Three Quarter Baths:None
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Half Baths:1
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Radiant, Forced Air
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Heating:true
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Cooling:false
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Cooling:None
Utilities
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Electric:Circuit Breakers
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:None
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Middle Or Junior School:None
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High School:None
The Community
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Spa Features:None
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Pool Private:No
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Pets Allowed:No Restrictions
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Association Amenities:None
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Association Fee Includes:None
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Association:false
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:3.0
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Carport Spaces:None
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Parking Features:5 - 10 Spaces, Paved
Monthly cost estimate
Asking price
$739,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,957
|
| Taxes | $250 |
| Insurance | $203 |
| Utilities | $265 See report |
| Total | $4,675/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/9/25
Jun 9, 2025
|
Listed / Active | MREIS | $739,000 |
