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Property profile

32 Water St Lubec, ME 04652

FOR SALE
Mixed-use properties
Property ID
US42-0892281
5,000 SF 0.2 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property in Lubec, Maine, offers unparalleled waterfront views and a blend of commercial and residential space. Situated on a 0.2-acre lot at 32 Water Street, this recently renovated building boasts over 5,000 square feet of space. The exterior features a new cedar shake exterior, metal roof, and windows, ensuring both durability and aesthetic appeal. Inside, the completely reclaimed interior showcases new insulation, drywall, electrical, plumbing, and heating systems. A stunning 2,500+ square foot ocean wrap-around deck provides breathtaking panoramic views of the Lubec Narrows, the Franklin D. Roosevelt Bridge to Campobello Island, and the historic Mulholland Point Lighthouse. The commercial space, encompassing approximately 3,500 square feet on the first floor, includes three large rooms and two half bathrooms, offering a versatile layout for various business ventures. High-end finishes, including immaculate hardwood floors and striking tin ceilings, create a sophisticated atmosphere. Upstairs, a luxurious 1,500+ square foot residential area features two bedrooms and two bathrooms. The chef's kitchen is a highlight, boasting a large gourmet gas range, vented hood, a spacious 60-square-foot butcher block island, original beams, vaulted ceilings, and a private deck. Lubec's unique charm, with its extensive shoreline, hiking trails, and natural beauty, provides a captivating backdrop for this exceptional property, located at the Easternmost Point in the USA. This is a rare opportunity to own a thriving business and enjoy luxurious living in a stunning coastal setting.

Property profile

Verified
Property type Mixed-use properties
Total area 5,000 SF
Lot 0.2 ac (8,712 SF)
UPID US42-0892281

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

32 Water St Lubec, ME 04652
Lubec metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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