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Waterfront Mixed-Use Property
For Sale
$775,000

32 Water Street, Lubec, ME 04652

Commercial Sale, Lubec, ME

Property Size5,000 SF
Lot Size0.20 Acres
Price / SF$155
Days on Market74

Property Features for 32 Water Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Basement Full
Lot features Waterfront, Water View, Downtown
Standard status Active
Size 5,000 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5719

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Amenities

expansive outdoor deck

Building Details

Year built 1910
Flooring type Linoleum, Vinyl, Tile
Building materials Wood Frame, Wood Siding
Roof type Metal
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Jason Clark · License #BA929485
Added: Jun 29 Changed: Sep 8 Last Checked: Sep 10 at 3:06AM
MLS# 1625288

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated mixed-use property at 32 Water Street includes 5,000 square feet overall, with 3,500 square feet of commercial area and a 1,500-square-foot residence oriented toward Lubec Narrows. The commercial component occupies the first floor, while the residence provides year-round living space. Interior details include exposed beams, updated kitchens and bathrooms, and an open-concept layout. An expansive outdoor deck extends the usable area and faces Lubec Narrows, Campobello Island, and Mulholand Lighthouse.

Built in 1910, the property has wood-frame construction with wood siding, a metal roof, and linoleum, vinyl, and tile flooring. Building systems include natural-gas forced-air heat, central air, public water, and public sewer. The property also includes a basement and occupies a 0.2-acre lot in Lubec, Maine.

Key Highlights

  • 5,000 SF mixed‑use property with 3,500 SF of commercial space and a 1,500‑square‑foot residence
  • Waterfront setting overlooking Lubec Narrows, Campobello Island, and Mulholand Lighthouse
  • Expansive outdoor deck connected to the property’s waterfront setting

Property Analytics

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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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated property pairs street-level commercial space with a waterfront residence and expansive outdoor deck.
Where is this mixed-use property located?
The property is located at 32 Water Street Lubec, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 5,000 SF mixed‑use property with 3,500 SF of commercial space and a 1,500‑square‑foot residence; Waterfront setting overlooking Lubec Narrows, Campobello Island, and Mulholand Lighthouse; Expansive outdoor deck connected to the property’s waterfront setting
More about this property
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