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Mixed-Use Building with River Views

43-45 Water Street, Wiscasset, ME 04578

For Sale
$1,350,000

The property combines restaurant and pub space with three apartments under Village I zoning.

Property Size10,249 SF
Price / SF$131.72
Days on Market106

Property Features for 43-45 Water Street

General Information

Standard status Active
Size 10,249 SF
Property subtype Commercial
Zoning Village I

Additional Details

Road Access Yes
Multifamily Units 3

Amenities

two spacious outdoor decks

Building Details

Building Size 10,249 SF
Year Built 1820
Tenancy Multi
Listing Agency: Tim Dunham Realty
Listed By: Sharon Dunbar
Source: Integrityhomesrealestategroup
Added: Jul 26 Changed: Nov 7 Last Checked: Nov 7 at 6:22PM

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 Tim Dunham Realty

Rey
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Investment Insights

Based on property information with market context.

Dating to 1820, this mixed-use property in Wiscasset contains restaurant and pub space, two outdoor decks, and three apartments. Its Village I zoning is also part of the property’s recorded details. The building has a history of restaurant and pub use, while the upper apartments provide a separate residential component.

The property is at the corner of Main Street and Water Street, across from Red’s Eats, with views of the Sheepscot River. The outdoor decks overlook the river, connecting the restaurant space to the waterfront setting.

Key Highlights

  • Three apartments above restaurant and pub space
  • Two outdoor decks with Sheepscot River views
  • At Main Street and Water Street, across from Red’s Eats

Property Analytics

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

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Garden Center Grocery & Convenience Store Pharmacy

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

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
5,055 visits/mo 0.4 miles

Demographics for 04578, ME

4,461
Population
2,286
Households
2
Avg Household Size
48
Median Age
33%
College-Educated
91%
High-School Grad
33.4 sq mi
ZIP Area
134
Density / Sq Mi
$82,750
Median Household Income
$36,092
Median Earnings
$1,190
Median Rent
$301,700
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 - The property combines restaurant and pub space with three apartments under Village I zoning.
Where is this mixed-use property located?
The property is located at 43-45 Water Street Wiscasset, ME.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three apartments above restaurant and pub space; Two outdoor decks with Sheepscot River views; At Main Street and Water Street, across from Red’s Eats
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