49-55 Water ST Active

Eastport,ME 04631

$ 850000

- Bed

3 Baths

4312 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 4,312 sqft

Price per Sqft $197

MLS Listing ID 1511024

Style Bed & Breakfast,Multi-Level

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,151

Originating Board Maine Listings

Year Built 1886

Annual Tax Amount $4,667

Tax Year 2020

Lot Size 2,613 Sqft

Acres 0.06

Property 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 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.

Location

State ME

County Washington

Zoning GSD. B1

Body of Water Eastport Harbor; Passamaquoddy Bay

Rooms

Basement Full,Interior Entry,Unfinished

Interior

Interior Features Furniture Included,Primary Bedroom w/Bath

Heating Multi-Zones,Hot Water,Baseboard

Cooling None

Flooring Wood,Laminate,Carpet

Laundry Upper Level

Exterior

Garage No Driveway,Other

Waterfront No

Waterfront Description Bay,Harbor

View Y/N Yes

View Scenic

Roof Type Membrane,Shingle

Street Surface Paved

Porch Deck

Parking Type No Driveway,Other

Garage No

Building

Lot Description Level,Open Lot,Sidewalks,Historic District,Intown,Near Shopping

Story 2

Foundation Gravel/Pad,Pillar/Post/Pier,Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Bed & Breakfast,Multi-Level

Structure Type Brick,Masonry,Wood Frame

Others

Restrictions Yes

Energy Description Oil

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