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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

4,313 Sq.Ft.

Description

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.

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Location

49-55 Water Street, Eastport, ME 04631

Status

For Sale
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I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
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

TITLE

Real Estate Professional

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Property Amenities

Interior
Flooring Vinyl, Carpet
Area & Lot
Living area 4,313 Sq.Ft.
MLS® ID 1511025
Year Built 1886
Water Frontage Bay, Harbor
Type Commercial
Status For Sale
Exterior
Stories 2
Air conditioning None
Heat type Steam, Baseboard
Water Source Public
Sewer Public Sewer
Parking Other
Lot Features Water View, Water Frontage, Downtown, Deep Water Access, Business District, Historic District
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.