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

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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.
  1. Listed by Elizabeth Banwell • Legacy Properties Sotheby's International Realty

Property Details for 49-55 Water Street

Waterfront
No
Waterfront Features
Bay, Harbor
Zoning
GSD, B1
LISTING UPDATED: 10/01/2024 02:56 PM

Property Details for 49-55 Water Street

StatusActive
MLS #1511025
Days on Market654
Taxes$4,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1886
Lot Size-
CountyWashington County

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Building Information for 49-55 Water Street

Stories2Residences4Year Built1886Lot Size-

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
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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
  • Leased Land: No
  • Property Type: Commercial
  • 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Eastport Elementary School
Public - PK to 8
Shead High School
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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More information about 49-55 Water Street, Eastport, ME 04631

49-55 Water Street is a mixed use property for sale in Eastport, ME 04631. This property was listed for sale on August 23, 2021 by Legacy Properties Sotheby's International Realty, it's currently listed at $850,000. This listing's school district is Eastport Public Schools. Nearby schools include Eastport Elementary School and Shead High School. 49-55 Water Street is a 0-bed, 0-bath, 4,313 sqft mixed use property built in 1886.

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.