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.