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    49-55 Water St St Eastport, ME 04631

    Sponsored
    For Sale
    $850,000

    Historic building, 4,313 sq ft, high potential

    Property size:
    4,313 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This meticulously maintained, elegantly restored 1886 two-story brick building, located in Eastport, ME's historic waterfront district, offers 4,313 square feet of mixed-use commercial space. The property, part of Eastport's National Historic District, underwent a comprehensive restoration in 2003-04, including a recent complete south exterior wall rebuild. Recent upgrades include a new membrane roof, electrical improvements, and two new boilers (2021). The building features four distinct commercial spaces. The second floor includes two charming, furnished short-term rental suites, each boasting stunning water views, private decks, two bedrooms, a kitchen, living room, and laundry facilities. The first floor houses an art gallery and online shop, a street-level commercial office space with a multi-year lease, additional office space, and a shared kitchenette and bathroom. Currently operating at break-even, this property presents a unique opportunity for an owner-operator or investor to capitalize on the high demand for commercial space in this picturesque waterfront location. The breathtaking views across the deep water harbor and working waterfront, extending to Campobello Island and the western isles of Canada, provide an unparalleled setting for any business. The building's history and its position within the vibrant Eastport community offer a compelling investment opportunity with significant upside potential.

    Property Features for 49-55 Water St St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,313 SF

    Building Details

    Year Built
    1886
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Eastport
    County
    Washington
    State
    Maine
    Longitude
    -66.98421
    Latitude
    44.90418

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, 4,313 sq ft, high potential
    Where is this mixed-use property located?
    The property is located at 49-55 Water St St Eastport, ME.
    What is the asking price?
    The asking price for this property is $850,000.
    (207) 780-8900
    Request Owner's contact information
    49-55 Water St St Eastport, ME 04631
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    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
    49-55 Water St St Eastport, ME 04631
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