49-55 Water Street Eastport, ME
$850,000
Baths 3
Square Footage 4,312
Acres 0.06
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.
Listed by Legacy Properties Sotheby's International Realty, Elizabeth Banwell 207-780-8900
Details
MLS 1511024
Status Active
Price $850,000
DOM 410 days
Type Multi-Family
Style Bed & Breakfast, Multi-Level
Total Baths 3 full baths
Square Feet 4,312 sqft
Lot Size 0.06 acres
Year Built 1886
Taxes Paid $4,667
Lot & Building Features
Cooling None
Tax Year 2020
Taxes Paid $4,667
Room Details
Basement Description Full, Unfinished, Interior Entry
Unit Features
Unit 1 Full Baths 2
Unit 1 of Bedrooms 2
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
Monthly HOA
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Monthly PMI
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