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    49 Water St Wiscasset, ME 04578

    For Sale
    $1,300,000

    Historic building with commercial & residential spaces

    Property size:
    6,248 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This iconic Wiscasset, Maine property offers a unique investment opportunity. Located on Water Street, this 6,248 square foot building sits on a 0.06-acre lot and boasts three established commercial spaces currently occupied by long-term tenants, ideal for retail, office, or creative uses. High visibility on this main street location ensures strong foot traffic, particularly during peak tourist season. A charming residential unit provides additional income potential or owner-occupancy convenience. The building, a family-owned landmark for over 70 years, offers significant historical character and is situated in a vibrant coastal village known for its scenic beauty, boutique shops, and proximity to coastal attractions. This property presents a rare chance to own a piece of Wiscasset's rich history and thriving commercial landscape. The property's prime location and established tenancy make it an attractive investment for both business owners and investors seeking a blend of commercial and residential income streams. The building's historical significance adds unique appeal, while its versatile spaces cater to a variety of business needs. This is an exceptional opportunity to acquire a well-established property in a desirable coastal Maine location.

    Property Features for 49 Water St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,248 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1797
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wiscasset
    County
    Lincoln
    State
    Maine
    Longitude
    -69.66405
    Latitude
    44.00262

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building with commercial & residential spaces
    Where is this commercial real estate located?
    The property is located at 49 Water St Wiscasset, ME.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (207) 409-9307
    Request Owner's contact information
    49 Water St Wiscasset, ME 04578
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    Wiscasset, ME 04578
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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
    49 Water St Wiscasset, ME 04578
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