49-55 Water Street
49-55 Water Street
Eastport, ME 04631
$850,000
Price
—
Beds
4,313 Sq. Ft.
$197 / Sq. Ft.
4,313
Sq. Ft.
$197
per Sq. Ft.
Virtual Tour
Virtual Tour
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...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.
- Listed by Elizabeth Banwell • Legacy Properties Sotheby's International Realty
Property Details for 49-55 Water Street
Waterfront
No
Waterfront FeaturesBay, Harbor
ZoningGSD, B1
Location
Listing Courtesy of Legacy Properties Sotheby's International Realty
Add your commute
LISTING UPDATED: 02/20/2024 11:39 AM
Property Details for 49-55 Water Street
| Status | Active |
|---|---|
| MLS # | 1511025 |
| Days on Market | 433 |
| Taxes | $4,667 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial / Mixed Use |
| Year Built | 1886 |
| Lot Size | - |
| County | Washington County |
Location
Listing Courtesy of Legacy Properties Sotheby's International Realty
Add your commute
Virtual Tour
Building Information for 49-55 Water Street
Stories2Residences4Year Built1886Lot Size-
Payment Calculator
$5,028 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,639
Property Taxes
$389
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 49-55 Water Street
Summary
Location and General Information
- Directions: GPS friendly
- Town: Eastport
- State/Province: ME
- Zip Code: 04631
- County: Washington
- Geo Latitude: 44.904232
- Geo Longitude: -66.984233
- Tax Lot: 40
- Location:Business District: Yes
- Location:Deep Water Access: Yes
- Location:Downtown: Yes
- Location:Historic District: Yes
- Location:Water Frontage: Yes
- Location:Water View: Yes
- Recreational Water:Boat Slip: Yes
- Recreational Water:Dock: Yes
- Recreational Water:Nearby: Yes
- Recreational Water:Oceanfront: Yes
- Recreational Water:Public: Yes
- Recreational Water:Waterfront Deep: Yes
- Recreational Water:Waterfront Tidal: Yes
Parking
- Parking Features: Other
Taxes and HOA Information
- Tax Book Number: 2792
- Tax Map Number: 17
- Parcel Number: 4955waterstreeteastportme04631
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,667.40
Virtual Tour
- Virtual Tour URLUnbranded: https://my.matterport.com/show/?m=9XwrpdNUmH2
Property
Lot Information
- Lot Size Acres: 0.0
- Building Area Total: 4313.0
- Lot Size Area: 0.0
- Lot Size Square Feet: 0.0
- Street Number: 4955
- Property Information:Surveyed: Yes
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
- Property Information:Deed: All
- Property Information:Deed Restrictions: Yes
- Property Information:Bank Owned REO: No
- Property Information:Year Renovated +/-: 2,002.00
- Property Information:Total # Floors: 2.00
Property and Assessments
- Documents Available: Property Disclosure Public Access, Deed Public Access, Lead Paint Addendum Public Access
- Leased Land: No
- Property Type: D
- Property Type Label: Commercial
- Property Sub-Type: Mixed Use
- Year Built: 1886
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Other Equipment: Internet Access Available, Cable
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick
- Roof: Membrane, Shingle
Interior Features
- Basement: Unfinished
- Flooring: Vinyl, Carpet
- Cooling: None
- Heating: Steam, Baseboard
- Foundation Details: Stone, Granite, Concrete Perimeter
- # Floors: 2
- Bathrooms Total (Integer): 0
- Bathrooms Total (Decimal): .00
- Bathrooms Total (Notational): .00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Multi-Family Information
- Number of Units: 4
Property History for 49-55 Water Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 49-55 Water Street
This home is within Eastport Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Eastport Elementary School PublicPK to 8 | ||
Shead High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Eastport
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Legacy Properties Sotheby's International Realty
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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
