49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
49-55 Water Street
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$850,000

49-55 Water Street

3 Baths 4,312 Sq.Ft.

Description

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.

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Location

49-55 Water Street, Eastport, ME 04631

Status

For Sale

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Thank you for your interest in 49-55 Water Street, Eastport, ME 04631. We are reviewing your request and will be in touch shortly!
Elizabeth Banwell

Elizabeth Banwell

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Real Estate Professional

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Property Amenities

Interior
Laundry room Upper Level
Full Bathrooms: 3
Other Interior Features Furniture Included, Primary Bedroom w/Bath
Area & Lot
Lot Area 2,613.6 Sq.Ft.
Living area 4,312 Sq.Ft.
MLS® ID 1511024
Year Built 1886
Water Frontage Y
View Description Scenic
Architecture Styles Bed Breakfast, Multi-Level
Type Multi-Family
Status For Sale
Exterior
Stories 2
Water Source Public
Sewer Public Sewer
Other Exterior Features Deck
Parking No Driveway, Other
Lot Features Level, Open Lot, Sidewalks, Historic District, Intown, Near Shopping
Roof Membrane, Shingle
Finance
Sales Price $850,000
Real Estate Tax $4,667 yearly

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Work With Elizabeth

I have logged many years working in, exploring, and enjoying many of the communities that comprise Maine's 16 counties. I have developed particular knowledge of the following areas: Greater Portland, including Brunswick and Bath; Knox, Waldo & coastal Washington counties.