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49-55 Water Street, Eastport, ME 04631

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For Sale

$850,000

3 baths • 4,312 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $197.12
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 1511024

Courtesy Of Legacy Properties Sotheby's International Realty
2 City Center, Portland, ME 04101
(207) 780-8900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck, Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Laminate, Wood
  • Heating System
    Baseboard, Hot Water
  • Lot Size
    0.06 Acres
  • Roof Type
    Membrane

Map and Directions

Directions to 49-55 Water Street, Eastport, ME 04631

Home seller CENTURY 21 First Choice Realty

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CENTURY 21 First Choice Realty

(207) 839-2188
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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