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Multi-Suite Mixed-Use Building

204 Water Street, Ellsworth, ME 04605

For Sale
$450,000

Upper floors can support separate office occupancies or be arranged as larger spaces; the basement has commercial-use history.

Property Size6,300 SF
Price / SF$71.43
Days on Market197

Property Features for 204 Water Street

General Information

Standard status Active
Size 6,300 SF
Property subtype Commercial
Zoning GD

Taxes and HOA fees

Annual Taxes $6,069

Building Details

Building Size 6,300 SF
Year Built 1972
Buildings 1
Stories 3
Listing Agency: Sargent Real Estate
Listed By: Carl Lusby
Source: Integrityhomesrealestategroup
Added: Apr 29 Changed: Nov 11 Last Checked: Nov 11 at 2:19AM

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 Sargent Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 6,300-square-foot mixed-use building in Downtown Ellsworth dates to 1972 and is zoned GD. The ground and top floors have accommodated as many as six office suites of 900 square feet each, with the option to combine spaces. The basement was used for a clock repair and sales business. The property is offered as-is, allowing flexibility in layout and interior finishes. A water leak affected the west side across all three stories; remediation and treatment have been completed by professionals.

Key Highlights

  • 6,300‑square‑foot mixed‑use building
  • Ground and top floors can accommodate up to six 900‑square‑foot office suites
  • Office spaces may be combined for larger layouts

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center HVAC Service Auto Parts Store

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

876
Businesses Nearby

Demographics for 04605, ME

13,651
Population
9,188
Households
1.5
Avg Household Size
47
Median Age
39%
College-Educated
96%
High-School Grad
265.4 sq mi
ZIP Area
51
Density / Sq Mi
$72,083
Median Household Income
$42,262
Median Earnings
$983
Median Rent
$230,900
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 Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Upper floors can support separate office occupancies or be arranged as larger spaces; the basement has commercial-use history.
Where is this mixed-use property located?
The property is located at 204 Water Street Ellsworth, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6,300‑square‑foot mixed‑use building; Ground and top floors can accommodate up to six 900‑square‑foot office suites; Office spaces may be combined for larger layouts
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