This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1/49
$750,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1/49
Property 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: 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.
Full Property Details
Full Property Details for 49-55 Water Street
General
- Price: $750,000
- Taxes: $4,667
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1511025
- Updated: 5/21/2025
- Added to Site: 149 day(s) ago
Business
- Business Type: Bed & Breakfast, Commercial, Freestanding Building, E
Interior
- Flooring: Vinyl, Carpet
Additional Information
- Equipment: Internet Access Available, Cable
Parking
- Parking Features: Other
Location
- County: Washington
Heating & Cooling
- Cooling Type: None
- Heating Type: Steam, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Membrane, Shingle
- Stories/Levels: 2
- Building Size: 4313
- Square Feet: 4,313
- Living Area: 4,313 Sq. Ft.
- Year Built: 1886
Lot Features
- Zoning: GSD, B1
- Lot Description: Waterfront, Water View, Downtown, Deep Water Access, Business District, Historic District
Water Features
- Water Front Desc.: Bay, Harbor
Financial Considerations
- Tax Amount: $4,667.4
Disclosures and Reports
- Lot Number: 40
Listed by Legacy Properties Sotheby's International Realty (207) 780-8900
Get Pre-Approved Today
Schools
Schools serving 49-55 Water Street
Rating | Name | Grades | Distance |
---|---|---|---|
1009 Route 168, Winn, ME 04495 | PK-4 | 74.6 mi | |
Houlton Elementary School
60 South St, Houlton, ME 04730 | PK-2 | 93.2 mi | |
65 South St, Houlton, ME 04730 | 3-5 | 93.3 mi | |
156 Oak St Ste 1, Old Town, ME 04468 | 6-8 | 82 mi | |
14 Goodridge Dr, Orono, ME 04473 | 7-8 | 83.1 mi | |
304 Garland St, Bangor, ME 04401 | 6-8 | 87.2 mi | |
Shead High School
89 High St, Eastport, ME 04631 | 9-12 | 0.3 mi | |
1 Bulldog Ln, Machias, ME 04654 | 9-12 | 27.2 mi | |
Coastal Washington County Institute Of Technology
1 Bulldog Ln, Machias, ME 04654 | 9-12 | 27.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 49-55 Water Street
Date
Details
Price
Change
Source
2/04/2025
Price Reduced
$750,000
-11.76%
MLS
10/30/2023
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 49-55 Water Street
49-55 Water Street, Eastport, ME 04631 (MLS# 1511025) is a Commercial property. 49-55 Water Street is currently listed for $750,000 and was received on January 15, 2025. Want to learn more about 49-55 Water Street? Do you have questions about finding other Commercial real estate for sale in Eastport? You can browse all Eastport real estate or contact a Coldwell Banker agent to request more information.