49-55 Water Street
Eastport, ME 04631
$850,000
Price
4
Beds
3
Baths
4,312 Sq. Ft.
$197 / Sq. Ft.
4,312
Sq. Ft.
$197
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously...Introducing The Commons, an elegantly restored 2-story brick commercial building in the heart of Eastport's historic waterfront district, now available for new ownership. The building underwent a comprehensive restoration guided by a respected architect & expert in historic rehabilitations, including the recent complete rebuilding of its south exterior wall. This cherished landmark is poised to remain a vital part of Eastport's future. Originally rebuilt in 2003-04, The Commons has been meticulously maintained with recent upgrades: a new membrane roof, electrical improvements, two new boilers (2021), and fresh exterior paint. Affectionately named 'The Commons' by the six women who acquired it 2 decades ago, the 1886 landmark embodies resilience & dedication to the community. It is part of the 31 structures that make up Eastport's National Historic District. Spanning 4,313 sq. ft., the building offers four distinct commercial spaces, including two charming short-term rental suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, a kitchen, a living room, laundry facilities, & tasteful furnishings. The first floor is home to three businesses: an art gallery & online shop showcasing local artists, a street-level commercial office space with an ongoing multi-year lease, plus additional office space, & a shared kitchenette and bathroom. Currently operating as a break-even venture, The Commons provides a blank canvas with immense potential for enterprising individuals. Whether you choose to reside in one suite while renting out the other, continue to lease the suites, or run your own business on the 1st floor, the opportunities are endless. Bring your vision, determination, & aspirations for the city's bright future to this idyllic location, where commercial spaces are embraced by breathtaking water vistas stretching across the deep water harbor & working waterfront, reaching out to Campobello & the western isles of Canada.
- Listed by Elizabeth Banwell • Legacy Properties Sotheby's International Realty
Property Details for 49-55 Water Street
Waterfront
No
Waterfront FeaturesBay, Harbor
ArchitecturalStyleBed & Breakfast, Multi-Level
GarageNo
ZoningGSD. B1
ViewScenic
LISTING UPDATED: 10/01/2024 02:55 PM
Property Details for 49-55 Water Street
| Status | Active |
|---|---|
| MLS # | 1511024 |
| Days on Market | 624 |
| Taxes | $4,667 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1886 |
| Lot Size | 0.06 AC / 2,613 SF |
| County | Washington County |
Virtual Tour
Building Information for 49-55 Water Street
Stories2Residences2Year Built1886Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 49-55 Water Street
Summary
Location and General Information
- Road Surface Type: Paved
- Water Body Name: Eastport Harbor; Passamaquoddy Bay
- Directions: GPS friendly
- Town: Eastport
- State/Province: ME
- Zip Code: 04631
- County: Washington
- Geo Latitude: 44.904231
- Geo Longitude: -66.984233
- Tax Lot: 40
- Site:Level: Yes
- Site:Open: Yes
- Site:Sidewalks: Yes
- Location:Business District: Yes
- Location:Historic District: Yes
- Location:Intown: Yes
- Location:Near Shopping: Yes
- Transportation:Deep Water Access: Yes
- Transportation:Major Road Access: Yes
- Transportation:Near Airport: 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: No Driveway, Other
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 2792
- Tax Map Number: 17
- Tax Year: 2020
- Parcel Number: 49-55waterstreeteastport04631
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,667.40
- Restrictions:No Restrictions: Yes
Virtual Tour
- Virtual Tour URLUnbranded: https://my.matterport.com/show/?m=9XwrpdNUmH2
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 2161.0
- SqFt Finished Above Grade: 2151.0
- Lot Size Acres: 0.06
- Source of Acreage: Public Records
- Building Area Total: 4312.0
- Lot Size Area: 0.06
- Lot Size Units: Acres
- Lot Size Square Feet: 2613.6
- Bathrooms Full: 3
- Bathrooms Half: 0
- Street Number: 4955
- Property Information:Surveyed: Yes
- Property Information:Seasonal: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
- Property Information:Deed: All
- Property Information:Deed Restrictions: Yes
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: .00
- Property Information:Color: Red Brick, Yellow
Parking
- Driveway:No Driveway: Yes
Property and Assessments
- Documents Available: Property Disclosure Public Access, Lead Paint Addendum Public Access, Deed Public Access
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1886
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick, Masonry, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Membrane, Shingle
- Patio and Porch Features:Deck: Yes
Interior Features
- Basement: Full, Interior Entry, Unfinished
- Flooring: Wood, Laminate, Carpet
- Interior Features: Furniture Included, Primary Bedroom w/Bath
- Cooling: None
- Heating: Multi-Zones, Hot Water, Baseboard
- Foundation Details: Gravel/Pad, Pillar/Post/Pier, Concrete Perimeter
- Laundry Features: Upper Level
- # Stories: 2
- # Floors: 2
- Bathrooms Total (Integer): 3
- Bathrooms Total (Decimal): 3.00
- Bathrooms Total (Notational): 3.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $130,000.00
- Operating Expenses: $15,251.00
Multi-Family Information
- Number of Units: 2
- Building Info:# Stories: 2
- Building Info:# Floors: 2
- Building Info:# Heating Units: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: Second
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $.00
- Unit 1:# Full Baths: 2.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 3.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 2
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
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.
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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. Offers of compensation are subject to change at the discretion of the seller. 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.
