Multi-Family for Sale: 49-55 Water Street, Eastport, ME 04631

3 full baths
$850,000
$850,000
49-55 Water Street, Eastport, ME 04631
3 full baths
$850,000
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Price:
$850,000
$39,000 - 12/14/2021

Type Multi-Family
Style Bed & Breakfast, Multi-Level
Total Baths 3 full baths
Square Feet 4,312 sqft
Lot Size 0.06 acres
Year Built 1886
Taxes Paid $4,667

City Eastport
County Washington

MLS 1511024
Status Active
Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously maintained with recent upgrades: a new membrane roof, electrical improvements, two new boilers (2021), and fresh exterior paint. Affectionately named 'The Commons' by the six women who acquired it 2 decades ago, the 1886 landmark embodies resilience & dedication to the community. It is part of the 31 structures that make up Eastport's National Historic District. Spanning 4,313 sq. ft., the building offers four distinct commercial spaces, including two charming short-term rental suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, a kitchen, a living room, laundry facilities, & tasteful furnishings. The first floor is home to three businesses: an art gallery & online shop showcasing local artists, a street-level commercial office space with an ongoing multi-year lease, plus additional office space, & a shared kitchenette and bathroom. Currently operating as a break-even venture, The Commons provides a blank canvas with immense potential for enterprising individuals. Whether you choose to reside in one suite while renting out the other, continue to lease the suites, or run your own business on the 1st floor, the opportunities are endless. Bring your vision, determination, & aspirations for the city's bright future to this idyllic location, where commercial spaces are embraced by breathtaking water vistas stretching across the deep water harbor & working waterfront, reaching out to Campobello & the western isles of Canada.

Room Features

Basement Description Full, Unfinished, Interior Entry

Virtual Tours for 49-55 Water Street Eastport, ME

Lot & Building Features

Cooling None
Tax Year 2020
Taxes Paid $4,667

Unit Features

Unit 1 Full Baths 2
Unit 1 of Bedrooms 2
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4

Price History of 49-55 Water Street, Eastport, ME

Date Name Price Difference
12/14/2021 Price Adjustment $850,000 4.39%
10/30/2023 Listing Price $889,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 49-55 Water Street, Eastport, ME

Location Map Street View
Photo of Jackie Pech Figueroa
Direct: 978-648-1173
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Legacy Properties Sotheby's International Realty, Elizabeth Banwell 207-780-8900
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0.54910588235294%
6.75%
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49-55 Water Street (MLS #1511024) is a bed & breakfast, multi-level multi-family listing located in Eastport, ME. This multi-family listing is 4,312 sqft and on a lot of 2,614 sqft (or 0.06 acres) and is 138 years old. This property was listed on 12/27/2023 and has been priced for sale at $850,000.

Nearby zip codes are 04652 and 04667. This property neighbors other cities such as Lubec and Perry.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Legacy Properties Sotheby's International Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.