49-55 Water St St Eastport, ME 04631

Property Details for 49-55 Water St St

Year built

1886

Property size

4,313 SF

Property type

Mixed-use properties

Description

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.

Location Insight

City

Eastport

County

Washington

State

Maine

Longitude

-66.9842

Latitude

44.9042