The site, which includes remains of the waterworks and foundations, was listed on the National Register of Historic Places in 1988.

The main features of the site are the foundational remnants of a sawmill, paper mill, dam, power canal, and a variety of ancillary structures.

[2] Significant industrial activity began here in 1835, when Moses Wiggin built the timber crib dam and erected a sawmill.

The town's economy suffered generally during the second half of the 19th century, due in part to the routing of railroad infrastructure away from the village center and other potential industrial sites.

The hydropower facility was abandoned in the 1940s, and the impoundment created by the dam was later used by the town as part of its water supply.