$850,000
49-55 Water Street
Eastport
Listing Courtesy of
Legacy Properties Sotheby's International Realty
49-55 Water Street, Eastport, ME 04631
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.
Listing Courtesy of
Legacy Properties Sotheby's International Realty
DETAILS
- Listing Id1511025
- StatusActive
- TypeCommercial Sale
- Map / Lot17 / 40
- Book / Page2792 / 148/All
- Waste Water DisposalPublic Sewer
- WaterPublic
- Heat SystemBaseboard, Steam
- CoolingNone
- ElectricCircuit Breakers
- BasementUnfinished
- RoofMembrane, Shingle
- FloorsCarpet, Vinyl
- GarageNo
- Lot FeaturesBusiness District, Deep Water Access, Downtown, Historic District, Water Frontage, Water View
- Parking FeaturesOther
- Waterfront FeaturesBay, Harbor
- Checked For UpdatesSunday, May 12, 2024 at 7:31 PM
- IDX Listing UpdatedTuesday, February 20, 2024 at 4:39 PM
Loading...
Listing data is derived in whole or in part from the Maine IDX & 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. Privacy Policy
Anne Erwin Sotheby's International Realty participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded.