32 Water St Lubec, ME 04652
For Sale
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This exceptional mixed-use property in Lubec, Maine, offers 5,000 square feet of commercial space and 1,500 square feet of living quarters, all situated on a 0.2-acre lot at 32 Water St, 04652. The building, renovated between 2020 and 2024, features a new cedar shake exterior, metal roof, and windows. The interior boasts a fully reclaimed design, including new insulation, drywall, electrical, plumbing, and heating systems. The commercial space, approximately 3,500 square feet, comprises three large rooms and two half bathrooms on the ground floor, showcasing immaculate hardwood floors and striking tin ceilings. A remarkable 2,500 square foot wrap-around ocean deck provides breathtaking views of the Lubec Narrows, Franklin D. Roosevelt Bridge, and Mulholland Point Lighthouse. Upstairs, the 1,500 square foot living quarters include two bedrooms and two bathrooms, finished to a high standard. The chef's kitchen features a large gas range, vented hood, and a 60 square foot butcher block island, complemented by original beams and vaulted ceilings, and a private deck. The property is zoned for commercial and shoreland use. Asking price is $995,000 ($199 per square foot). This unique opportunity combines prime commercial space with luxurious living, offering unparalleled views and potential in the charming coastal town of Lubec.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
