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Renovated Waterfront Mixed-Use Property
For Sale
$775,000

32 Water Street, Lubec, ME 04652

Commercial Sale, Lubec, ME

Property Size5,000 SF
Lot Size0.20 Acres
Price / SF$155
Days on Market68

Property Features for 32 Water Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Basement Full
Lot features Waterfront, Water View, Downtown
Standard status Active
Size 5,000 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5719

Amenities

exposed beams
modernized kitchens and bathrooms
open concept
outdoor deck space
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Jason Clark · License #BA929485
Added: Jun 29 Changed: Aug 19 Last Checked: Sep 4 at 10:06AM
MLS# 1625288

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated mixed-use property combines street-level commercial space with ocean-side living quarters in a 5000-square-foot building on 0.2 acres. Interior features include exposed beams, updated kitchens and bathrooms, and an open-concept layout. A portion of the first floor is occupied by the West Quoddy Head Lighthouse Station Keepers Association.

Located at 32 Water Street in Lubec, the property fronts the waterfront and includes expansive outdoor deck space with views toward Lubec Narrows, Campobello Island, and Mulholand Lighthouse. The configuration brings commercial and residential components together within a coastal setting, with the existing improvements supporting a range of live-work possibilities.

Key Highlights

  • 5000‑square‑foot mixed‑use building on 0.2 acres
  • Renovated interior with exposed beams and modernized kitchens and bathrooms
  • Street‑level commercial area with ocean‑side living quarters

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Building Supply Garden Center Bakery Parking Lot & Garage Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

127
Businesses Nearby

Demographics for 04652, ME

1,536
Population
1,370
Households
1.1
Avg Household Size
58
Median Age
33%
College-Educated
92%
High-School Grad
61.2 sq mi
ZIP Area
25
Density / Sq Mi
$58,125
Median Household Income
$38,083
Median Earnings
$540
Median Rent
$182,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space pairs with ocean-side living quarters and an expansive outdoor deck.
Where is this mixed-use property located?
The property is located at 32 Water Street Lubec, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 5000‑square‑foot mixed‑use building on 0.2 acres; Renovated interior with exposed beams and modernized kitchens and bathrooms; Street‑level commercial area with ocean‑side living quarters
More about this property
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