49-55 Water Street, Eastport, ME 04631 | 1511025 | Engel & Völkers Casco Bay

49-55 Water Street $889,000

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    49-55 Water Street Eastport, ME 04631

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    $889,000

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    • Commercial
    • MLS# 1511025
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    Property Details

    Description Tours Download PDF

    Join the renewed interest in Maine's most eastern city by investing in this handsome, completely renovated, 4,313 square foot, two-storycommercial building in the heart of the historic district. Named 'Maine's most resilient city,' Eastport was one of six cities selected from the America's Futures Project, and featured in the HBO film, 'Our Towns.' Named ''The Commons'' by a group of local women who purchased the building 18 years ago, this 1886 landmark stands among the other striking red-brick buildings in the national historic business district of Eastport as a symbol of its owners' tenacity & commitment. Informed by the Teddy Roosevelt quote: ''Do what you can, with what you have, where you are,'' this building contains four distinct commercial spaces, including two, two-bedroom short-term rental suites with decks & water views; and two street-level businesses. Completely renovated ''down to the studs'' in 2003/2004, the building is impeccably maintained, and has had significant improvements over the years, including the replacement of the rubber membrane roof; electrical upgrades; and two new boilers in 2021. Additionally, the sellers have nurtured the development of viable, ongoing businesses on both levels. Currently, the building includes a gallery and online shop featuring local artists, which is not included in the sale of the building. In addition, one of the street level commercial spaces provides conference rooms and office space. Two vacation suites, complete with kitchens, living rooms, furnishings, & appliances, comprise the second floor and do convey with the sale. Bring your own vision to this 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.

    • General Features
      • Year Renovated 2002
      • Leases No
      • Primary Use Mixed Use
      • Leased Land No
      • Year Built 1886
      • Full Tax Amount $4,667
      • Location Business District,Deep Water Access,Downtown,Historic District,Water Frontage,Water View
    • Building Features
      • Basement Unfinished
      • Commercial Bldg Information Total Units 4
      • Roof Membrane,Shingle
      • Cooling None
      • Exterior Brick
      • Electric Circuit Breakers
      • Heat System Baseboard, Steam
      • Heat Fuel Oil
      • Floors Carpet, Vinyl
      • Gas No Gas
    • Property Features
      • Parking Other Parking
      • Property Uses Bed and Breakfast,Commercial,Executive Suites,Freestanding Building,Hotel/Motel,Retail
      • Sewer Public Sewer
      • Water Public

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    Neighborhood

    04631 (Eastport) Demographics

    54 Median Age
    380 Population Density (per sq. mile)
    36% College Educated
    $33,836 Estimated Median Income
    487 Estimated Total Home Owners
    218 Estimated Total Renters
    69% / 31% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    1,390 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    9 New On Market

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        IDX Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2021 Maine Real Estate Information System, Inc. All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.