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  • $705,000

    49-55 Water Street, Eastport, ME 04631

    4beds
    4,312sqft
    Multi Family
    Built in 1886
    -- sqft lot
    $725,100 Zestimate®
    $163/sqft
    $1,336 Estimated rent

    Home value

    $725,100

    Estimated sales range

    Not available

    $1,336/mo

    Zestimate® history
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    $3,639/mo

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    What's special

    Working waterfrontStreet-level commercial office spaceNew membrane roofShared kitchenette and bathroomHistoric waterfront districtFresh exterior paintStunning water views
    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: 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 suites on the second floor. Each suite offers stunning water views, complete with decks, two bedrooms, 2 full baths, kitchen, 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Legacy Properties Sotheby's International Realty

    Bought with:

    Legacy Properties Sotheby's International Realty

    Source: Maine Listings,MLS#: 1511024MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Hot Water, Zoned
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Wood
    • Basement: Interior Entry
    • Furnished: Yes
    Interior area
    • Total structure area: 4,312
    • Total interior livable area: 4,312 sqft
    • Finished area above ground: 2,151
    • Finished area below ground: 2,161

    Property

    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Scenic
    • Body of water: Eastport Harbor; Passamaquoddy Bay
    Lot
    • Size: 2,613 Square Feet
    • Features: Business District
    Details
    • Zoning: GSD. B1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Roof: Membrane,Shingle
    Condition
    • Year built: 1886

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Eastport

    Financial & listing details

    • Price per square foot: $163/sqft
    • Annual tax amount: $6,799
    • Date on market: 1/15/2025

    Price history

    DateEventPrice
    1/23/2026Sold$705,000-6%$163/sqft
    Source: Maine Listings #1511024 Report a problem
    10/15/2025Pending sale$750,000$174/sqft
    Source: Maine Listings #1511024 Report a problem
    2/4/2025Price change$750,000-11.8%$174/sqft
    Source: Maine Listings #1511024 Report a problem
    1/15/2025Listed for sale$850,000$197/sqft
    Source: Maine Listings #1511024 Report a problem
    10/1/2024Listing removed$850,000$197/sqft
    Source: Maine Listings #1511024 Report a problem
    10/30/2023Listed for sale$850,000+30.8%$197/sqft
    Source: Maine Listings #1511024 Report a problem
    5/27/2022Listing removed--
    Source: Maine Listings #1511024 Report a problem
    5/20/2022Listed for sale$650,000$151/sqft
    Source: Maine Listings #1511024 Report a problem
    5/12/2022Contingent$650,000$151/sqft
    Source: Maine Listings #1511024 Report a problem
    12/14/2021Price change$650,000-26.9%$151/sqft
    Source: Maine Listings #1511024 Report a problem
    10/4/2021Listed for sale$889,000$206/sqft
    Source: Maine Listings #1511024 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04631

    Nearby schools

    GreatSchools rating
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