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

$850,000
$850,000
49-55 Water Street, Eastport, ME 04631
$850,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Virtual Tour
Floor Plans
Price:
$850,000
$39,000 - 12/14/2021

Type Commercial
Square Feet 4,313 sqft
Year Built 1886
Taxes Paid $4,667

City Eastport
County Washington

MLS 1511025
Status Active
Join in the renaissance of Maine's most eastern city by investing in this handsome, 4,313 sq-ft, 2-story commercial building in the heart of Eastport's waterfront historic district. Named ''The Commons'' by the local women who purchased the building 20 years ago, the 1886 landmark is a symbol of tenacity & commitment to the community. It stands among the other 31 red brick buildings that comprise Eastport's historic district. The building offers 4 distinct commercial spaces: 2, 2-bedroom short-term rental suites with decks & water views; and 2 street-level businesses. The interior was fully renovated in 2003/2004, and the exterior north wall completely rebuilt then. Impeccably maintained, the owners have made other significant improvements, including: replacement of the rubber membrane roof; electrical upgrades; two new boilers 2021, and repainting the exterior trim 2023. Viable, ongoing businesses are on both levels - an art gallery & online shop featuring local artists, and a street-level commercial space with multi-year lease in place, along with additional office space, shared kitchenette & bathroom. Two vacation suites with kitchens, living rooms, furnishings, & appliances, are on the second floor. (The art gallery is for sale separately.) At the owners' expense, the building's exterior south wall is in the process of being removed and rebuilt. Contracts are in place with a professional architect, builder & mason, and are available to review by serious buyers. If the building sells before the work is completed, funds for the repairs will be held in escrow by the title company to be paid after completion. Don't miss an incredible opportunity to own this special income producing property! Bring your own vision to the picturesque setting where downtown commercial spaces vie for attention with the sweeping water vistas that extend beyond the deepwater harbor and working waterfront out to Campobello and Deer Islands, Canada.

Room Features

Basement Description Unfinished

Virtual Tours for 49-55 Water Street Eastport, ME

Lot & Building Features

Cooling None
Taxes Paid $4,667

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 Laura O'Leary
Direct: 603-505-7486
Office
10 Chestnut Dr Unit K
Bedford, NH 03110
603-787-3155
Listed by Legacy Properties Sotheby's International Realty, Elizabeth Banwell 207-780-8900
$
20%
0.54910588235294%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

49-55 Water Street (MLS #1511025) is a commercial listing located in Eastport, ME. 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.