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Mixed-Use Property with Commercial Kitchen

20 Water Street, Lubec, ME 04652

For Sale
$649,000

Mixed-use zoning and a retained commercial kitchen license support a range of commercial and residential configurations.

Property Size1,345 SF
Price / SF$482.53
Days on Market842

Property Features for 20 Water Street

General Information

Standard status Active
Size 1,345 SF
Property subtype Commercial
Zoning Mixed Use

Property Condition

Severity Repairs Needed
Evidence ready for your renovations

Additional Details

Mixed-Use Components retail, restaurant, residential
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $1,882

Amenities

sweeping views
handicap accessible bathroom

Building Details

Building Size 1,345 SF
Year Built 1890
Buildings 1
Stories 2
Construction cape
Listing Agency: Realty of Maine
Listed By: Georgiana Kendall
Source: Integrityhomesrealestategroup
Added: Jul 25, 2024 Changed: Nov 11 Last Checked: Nov 13 at 6:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty of Maine

Rey
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Investment Insights

Based on property information with market context.

This 1,345-square-foot mixed-use property in downtown Lubec was built in 1890. The first floor includes a retail kitchen, workshop, retail area and a large accessible bathroom; the commercial kitchen license remains in place. Commercial kitchen and additional equipment are included. The second floor requires renovation for its next use.

The building overlooks the Lubec Channel, with a public boat launch a few steps away. Parking is available at the side and rear.

Key Highlights

  • 1,345‑square‑foot mixed‑use property, built in 1890
  • Mixed‑use zoning and retained commercial kitchen license
  • First floor has a retail kitchen, workshop, retail space and large accessible bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Building Supply Garden Center Bakery Parking Lot & Garage Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

127
Businesses Nearby

Demographics for 04652, ME

1,536
Population
1,370
Households
1.1
Avg Household Size
58
Median Age
33%
College-Educated
92%
High-School Grad
61.2 sq mi
ZIP Area
25
Density / Sq Mi
$58,125
Median Household Income
$38,083
Median Earnings
$540
Median Rent
$182,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use zoning and a retained commercial kitchen license support a range of commercial and residential configurations.
Where is this mixed-use property located?
The property is located at 20 Water Street Lubec, ME.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,345‑square‑foot mixed‑use property, built in 1890; Mixed‑use zoning and retained commercial kitchen license; First floor has a retail kitchen, workshop, retail space and large accessible bathroom
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