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$1,150,000
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Property Description
In the heart of downtown Boothbay Harbor, The Old Bank Building offers a rare opportunity to own a piece of local history with built-in business potential. Located at the prominent intersection of Oak Street and Townsend Ave, this iconic commercial property features exceptional visibility, sidewalk frontage, and access to nearby public parking. The property includes three units: a street-level retail space with large display windows, original bank vault, and backroom storage (featuring a historic bar rumored to once be a speakeasy); a fully renovated coworking space (Our Port Workspace) with five offices, a conference room, copy center, lounge area, and kitchenette; and a second-floor office suite with four offices, break room, conference room, and large lounge area -- intentionally left vacant for an owner-user or new tenant. Recent improvements include a new roof, upgraded systems, new floors, windows, and entry doors in the retail space, and full renovation of the coworking unit with secure keypad access. The building is equipped with central air and a fire sprinkler system. The coworking business is included in the sale, offering a turnkey revenue stream from day one. With steady foot traffic, excellent visibility, and a downtown that has expanded the tourism season thanks to efforts like Coastal Maine Botanical Gardens' Gardens Aglow, this is a standout opportunity for professionals, entrepreneurs, or investors alike.
Full Property Details
Full Property Details for 4 Townsend Ave
General
- Price: $1,150,000
- Taxes: $8,966 (2024)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1619836
- Updated: 12/16/2025
- Added to Site: 282 day(s) ago
Business
- Business Type: Executive Suites, Office Building, Retail
Parking
- Parking Features: No Parking
Location
- County: Lincoln
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Building Size: 5508
- Square Feet: 5,508
- Living Area: 5,508 Sq. Ft.
- Year Built: 1920
- Other Struct. Feat.: Sprinkler - Wet
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Zoning: Downtown Business
- Lot Description: Water View, Downtown, Business District, Near Shopping
Financial Considerations
- Tax Amount: $8,966
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 158
Listed by Keller Williams Realty (207) 879-9800
Get Pre-Approved Today
Schools
Schools serving 4 Townsend Ave
School District:Boothbay-Boothbay Harbor Community School District
| Name | Grades | Distance |
|---|---|---|
Boothbay Region Elementary School 238 Townsend Avenue, Boothbay Harbor, ME 04538 | PK-8 | 0.9 mi |
Boothbay Region High School 51 Emery Lane, Boothbay Harbor, ME 04538 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4 Townsend Ave
Date
Details
Price
Change
Source
12/16/2025
Price Reduced
$1,150,000
-10.85%
MLS
8/06/2025
Price Reduced
$1,290,000
-11.03%
MLS
4/22/2025
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4 Townsend Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,966
6%
$948,800
—
2023
$8,492
7%
$948,800
—
2022
$7,922
38%
$948,800
98%
2019
$5,724
3%
$479,000
—
2018
$5,556
2%
$479,000
—
2017
$5,461
2%
$479,000
—
2016
$5,365
3%
$479,000
—
2014
$5,221
—
$479,000
—
2013
$5,245
—
$479,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4 Townsend Ave
4 Townsend Avenue, Boothbay Harbor, ME 04538 (MLS# 1619836) is a Commercial property. 4 Townsend Avenue is currently listed for $1,150,000 and was received on April 22, 2025. Want to learn more about 4 Townsend Avenue? Do you have questions about finding other Commercial real estate for sale in Boothbay Harbor? You can browse all Boothbay Harbor real estate or contact a Coldwell Banker agent to request more information.

