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    82 Water St Eastport, ME 04631

    For Sale
    $430,000

    Turnkey Cafe & Apartment, Stunning Bay Views

    Property size:
    2,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property at 82 Water Street in Eastport, Maine, presents a unique investment opportunity. The 2,200 square foot building boasts a thriving ground floor cafe, complete with a fully equipped commercial kitchen and a comfortable seating area offering breathtaking Passamaquoddy Bay views. All inventory is included in the sale, providing a truly turnkey operation ready for immediate use. The previous tenant, Breakwater Bagels, enjoyed a successful run, demonstrating the location's high potential for various food service concepts. The prime Water Street location ensures high foot traffic, further enhanced by the influx of cruise ship tourists during the peak summer and fall seasons. Eastport's business-friendly environment and supportive community create an ideal setting for new ventures. Upstairs, a separate entrance leads to a recently renovated, fully furnished apartment, also featuring stunning bay views. This apartment has a proven rental history, offering additional income potential. Both the commercial space and the apartment are equipped with new wiring and a whole-building generator, ensuring reliable operation year-round. The property sits on a 0.04-acre lot, providing ample space for outdoor seating or other potential uses. Priced at $430,000, this property offers a rare blend of commercial and residential income streams in a picturesque coastal setting.

    Property Features for 82 Water St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,200 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakwater Bagels and More Coffee Shop Flowers By Paula Florist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastport
    County
    Washington
    State
    Maine
    Longitude
    -66.9849
    Latitude
    44.90532

    Nearby Comparable

    • $850,000
      4,313 SF

      Eastport Waterfront Commercial Gem

      Historic building, 4,313 sq ft, high potential
      49-55 Water St St, Eastport, ME 04631
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    • $299,000
      9.23 Acres

      Eastport Land with Water Views

      9.23 acre commercial land parcel with water views.
      7 Deep Cove Rd, Eastport, ME 04631
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    • $240,000
      14.70 Acres

      Eastport Land Abutting New Development

      14.7 acres of commercial land near airport in Eastport, ME.
      104 County Rd, Eastport, ME 04631
      View Details

    Nearby Similar for Sale

    • New
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      0.19 Acres

      Land For Sale Eastport, ME

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    • $850,000
      4,313 SF

      Eastport Waterfront Commercial Gem

      Historic building, 4,313 sq ft, high potential
      49-55 Water St St, Eastport, ME 04631
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Cafe & Apartment, Stunning Bay Views
    Where is this mixed-use property located?
    The property is located at 82 Water St Eastport, ME.
    What is the asking price?
    The asking price for this property is $430,000.
    (877) 350-4409
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    82 Water St Eastport, ME 04631
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    82 Water St Eastport, ME 04631
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