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49-55 Water Street

Eastport, ME 04631
  • $850,000
  • STATUS: Active
  • MLS #: 1511025
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,313
    SQFT
Type:
Commercial
Built:
1886
County:
Area:

School Ratings & Info

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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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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-02-22T23:50:50.48.
www.davidmarshallteam.com/homes/122069347
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49-55 Water Street Eastport, ME 04631

  • Price: $850,000
  • Status: Active
  • On Site: Days
  • MLS #: 1511025
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,313
SQFT
$197
$/SQFT
1886
Built
County:
Washington
Area:
Eastport
Property 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.
Exterior Features

Construction Materials Brick Foundation Details StoneGraniteConcrete Perimeter Lot Features Water ViewWater FrontageDowntownDeep Water AccessBusiness DistrictHistoric District Parking Other Parking Parking Features Other Recreational Water Boat Slip YN Yes Recreational Water Dock YN Yes Roof MembraneShingle Water View Yes Waterfront Features BayHarbor Waterfront YN No

Interior Features

Basement Unfinished Carpet Floors YN Yes Cooling None Cooling YN No Flooring VinylCarpet Heating SteamBaseboard Heating YN Yes

Property Features

Association YN No Electric Circuit Breakers Heat Fuel Oil YN Yes Land Lease YN No Other Equipment Internet Access AvailableCable Property Sub Type Mixed Use Sewer Public Sewer Tax Annual Amount 4667.4 Water Source Public Zoning GSDB1

Maine Real Estate Information Systems logo Listing provided courtesy of Legacy Properties Sotheby's International Realty: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-02-22T23:50:50.48.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
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