Rizzo Mattson

49-55 Water StreetEastport, ME 04631Price: $889,000

  • Price: $889,000
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $889,000List Price
  • 1886Year Built

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Listed by Legacy Properties Sotheby's International Realty
Join the renewed interest in Maine's most eastern city by investing in this handsome, completely renovated, 4,313 square foot, two-storycommercial building in the heart of the historic district. Named 'Maine's most resilient city,' Eastport was one of six cities selected from the America's Futures Project, and featured in the HBO film, 'Our Towns.' Named ''The Commons'' by a group of local women who purchased the building 18 years ago, this 1886 landmark stands among the other striking red-brick buildings in the national historic business district of Eastport as a symbol of its owners' tenacity & commitment. Informed by the Teddy Roosevelt quote: ''Do what you can, with what you have, where you are,'' this building contains four distinct commercial spaces, including two, two-bedroom short-term rental suites with decks & water views; and two street-level businesses. Completely renovated ''down to the studs'' in 2003/2004, the building is impeccably maintained, and has had significant improvements over the years, including the replacement of the rubber membrane roof; electrical upgrades; and two new boilers in 2021. Additionally, the sellers have nurtured the development of viable, ongoing businesses on both levels. Currently, the building includes a gallery and online shop featuring local artists, which is not included in the sale of the building. In addition, one of the street level commercial spaces provides conference rooms and office space. Two vacation suites, complete with kitchens, living rooms, furnishings, & appliances, comprise the second floor and do convey with the sale. Bring your own vision to this picturesque setting where downtown commercial spaces vie for attention with the sweeping water vistas that extend beyond the deepwater harbor and working waterfront out to Campobello and Deer Islands, Canada.

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2021 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Coldwell Banker Rizzo Mattson, Realtors participates in ©2021 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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