30 Water St Ellsworth, ME 04605-2033
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.
A. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single -purpose automobile trips. Off-street parking requirements are flexible. It is the intent of this zone to provide for a mixture of uses such…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DT · Ellsworth, MEA. Downtown (DT). The heart of this zone is Main Street. It is what is special about Ellsworth. This zone allows a mixture of uses. Uses in this zone are concentrated makin g it highly walkable steering away from single -purpose automobile trips. Off-street parking requirements are flexible. It is the intent of this zone to provide for a mixture of uses such as commerce, culture, and residential. B. Urban (U). The purpose of this zone is to provide for a mix of commercial uses including retail business, professional offices, and dense residential.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.