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$548,000 -$50,000 (-8.36%) Price Reduced
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Property Description
Bring something new to Main Street! Here is an opportunity to transform a substantial mixed-use property into something truly meaningful for Vinalhaven--while creating multiple avenues for income. With approximately 4,500 square feet, the ground floor is currently divided into multiple rooms, many separated by non-load-bearing walls, offering the flexibility to easily reconfigure the space to suit a variety of uses. One compelling possibility is 'Vinalhaven Hall'--a flexible gathering place for the island. The space could host community events, lectures, small music performances, intimate movie nights, workshops, wellness activities, private gatherings, and more. It could also fill an important community need as a welcoming place for young people to gather after school, on weekends, and during school breaks. With the right vision, even small gatherings and recurring community events could make this a place the island uses and enjoys throughout the year. Two residential units--a one-bedroom on the first floor and a two-bedroom on the second--provide an important income component and add flexibility for an owner-occupant, investor, or entrepreneur. With its Main Street presence, generous square footage, and adaptable layout, the property offers the bones, scale, and flexibility to become something distinctive for Vinalhaven while supporting a range of potential income streams. Whether envisioned as a community gathering space, creative hub, flexible commercial property, or a thoughtful combination of uses, this is a property with the room to become something of its own. With the right vision, this could become more than a commercial property--it could become a place where the island gathers, connects, and comes together.
Full Property Details
Full Property Details for 54 W Main St
General
- Price: $548,000
- Taxes: $3,912 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1651332
- Updated: 8/17/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Convenience Store, Neighborhood Center, Commercial, R
Interior
- Flooring: Laminate, Vinyl, Linoleum
Parking
- Parking Features: 1 - 4 Spaces, On Street
Location
- County: Knox
Heating & Cooling
- Cooling Type: None
- Heating Type: K-1/Kerosene, Oil, Baseboard, Direct Vent Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Shingle Siding, Vinyl Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Crawlspace, Sump Pump, Unfinished
- Roof: Fiberglass, Shingle
- Square Feet: 4,500
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Zoning: Residential/Comm.
- Lot Description: Downtown
Financial Considerations
- Tax Amount: $3,912
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 93, 94
Listed by Davidson Realty (207) 863-2200
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Schools
Schools serving 54 W Main St
School District:School Administrative District 08
| Name | Grades | Distance |
|---|---|---|
Vinalhaven School 22 Arcola Lane, Vinalhaven, ME 04863 | PK-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 54 W Main St
Date
Details
Price
Change
Source
8/14/2026
Price Reduced
$548,000
-8.36%
MLS
2/06/2026
Listed
$598,000
—
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 54 W Main St
54 W Main Street, Vinalhaven, ME 04863 (MLS# 1651332) is a Commercial property. 54 W Main Street is currently listed for $548,000 and was received on August 14, 2026. Want to learn more about 54 W Main Street? Do you have questions about finding other Commercial real estate for sale in Vinalhaven? You can browse all Vinalhaven real estate or contact a Coldwell Banker agent to request more information.

