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    30 Water St Ellsworth, ME 04605

    For Sale
    $925,000

    Prime Location, Income-Producing Property

    Property size:
    5,097 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional mixed-use property at 30 Water Street in Ellsworth, Maine presents a unique investment opportunity. The building, totaling 5,097 square feet on a 0.11-acre lot, offers a compelling blend of commercial and residential space. The first floor encompasses over 2,000 square feet of versatile commercial space, ideal for a variety of businesses. Large Water Street windows and a prominent entrance ensure high visibility and accessibility. A separate entrance to the back room adds to the property's functionality, complemented by a shared bathroom. Upstairs, the second floor features two fully furnished, two-bedroom apartments, ready for immediate rental income generation. These luxurious apartments contribute significantly to the property's potential return on investment. Adding to the owner's convenience, the third floor provides bonus "owner quarters" with a spacious room, kitchenette, and full bathroom. The entire building benefits from central air conditioning and heating, ensuring year-round comfort. High ceilings, large windows throughout, and multiple entrances enhance the overall appeal and functionality. Ample public parking is readily available nearby, adding to the property's convenience. This meticulously maintained property represents a rare opportunity to acquire a thriving mixed-use building in the vibrant downtown Ellsworth area. The combination of commercial space and income-producing apartments makes this an attractive investment for discerning buyers.

    Property Features for 30 Water St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,097 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1850
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Ellsworth
    County
    Hancock
    State
    Maine
    Longitude
    -68.42439
    Latitude
    44.54081

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Income-Producing Property
    Where is this mixed-use property located?
    The property is located at 30 Water St Ellsworth, ME.
    What is the asking price?
    The asking price for this property is $925,000.
    (207) 667-2300
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    30 Water St Ellsworth, ME 04605
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    Ellsworth, ME 04605
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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
    30 Water St Ellsworth, ME 04605
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