49-55 Water Street

Eastport, ME 04631

MLS ID# 1511025 Active
Mixed Use

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$850,000

0 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details
• Virtual Tour 1

Description

Join in the renaissance of Maine's most eastern city by investing in this handsome, 4,313 sq-ft, 2-story commercial building in the heart of Eastport's waterfront historic district. Named ''The Commons'' by the local women who purchased the building 20 years ago, the 1886 landmark is a symbol of tenacity & commitment to the community. It stands among the other 31 red brick buildings that comprise Eastport's historic district. The building offers 4 distinct commercial spaces: 2, 2-bedroom short-term rental suites with decks & water views; and 2 street-level businesses. The interior was fully renovated in 2003/2004, and the exterior north wall completely rebuilt then. Impeccably maintained, the owners have made other significant improvements, including: replacement of the rubber membrane roof; electrical upgrades; two new boilers 2021, and repainting the exterior trim 2023. Viable, ongoing businesses are on both levels - an art gallery & online shop featuring local artists, and a street-level commercial space with multi-year lease in place, along with additional office space, shared kitchenette & bathroom. Two vacation suites with kitchens, living rooms, furnishings, & appliances, are on the second floor. (The art gallery is for sale separately.) At the owners' expense, the building's exterior south wall is in the process of being removed and rebuilt. Contracts are in place with a professional architect, builder & mason, and are available to review by serious buyers. If the building sells before the work is completed, funds for the repairs will be held in escrow by the title company to be paid after completion. Don't miss an incredible opportunity to own this special income producing property! Bring your own vision to the picturesque setting where downtown commercial spaces vie for attention with the sweeping water vistas that extend beyond the deepwater harbor and working waterfront out to Campobello and Deer Islands, Canada. Join in the renaissance of Maine's most eastern city by investing in this handsome, 4,313 sq-ft, 2-story commercial building in the heart of Eastport's waterfront historic district. Named ''The Commons'' by the local women who purchased the building... show more

Location Information

• Street # 49-55
• Street Name Water
• Street Type Street
• County Washington
• Town Eastport
• State/Province ME
• Zip Code 04631
• Leased Land No
• Book 2792
• Page 148/All
• Map 17
• Lot 40
• Zoning GSD, B1
• Zoning Overlay Unknown
• Tax ID 4955waterstreeteastportme04631
• Full Tax Amount 4667.4
• Association Y/N No

Property Information

• Primary Use Mixed Use
• Surveyed Yes
• Short Sale Continue to Show No
• Deed/Conveyance Type Offered Quit Claim w/Covenant
• Deed All
• Deed Restrictions Yes
• Bank Owned REO No
• Year Built - 1886
• Year Renovated +/- 2002
• Leases No
• Total # Floors 2
• SqFt Finished Total 4313
• Lot Size Acres +/- 0

Compensation & Misc Info

• Buyer Agency 2.5%

Directions

GPS friendly

Details

• Commercial Bldg Information

  Total Units:4

• Water Info

  No Water Frontage, Water View, Water Body Name:Eastport Harbor; Passamaquoddy Bay

• Water Body Type

  Bay, Harbor

• Recreational Water

  Boat Slip, Dock, Nearby, Oceanfront, Public, Waterfront Deep, Waterfront Tidal

• Property Uses

  Bed and Breakfast, Commercial, Executive Suites, Freestanding Building, Hotel/Motel, Retail

• Basement

  Unfinished

• Foundation Materials

  Granite, Poured Concrete, Stone

• Exterior

  Brick

• Roof

  Membrane, Shingle

• Heat System

  Baseboard, Steam

• Heat Fuel

  Oil

• Cooling

  None

• Floors

  Carpet, Vinyl

• Building Features

  Cable, Internet Access Available

• Parking

  Other Parking

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public