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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

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.
More about this property
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