49-55 Water Street, Eastport, ME 04631
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS



49-55 Water Street,Eastport, ME 04631
$750,000
- - Beds
- 3 Baths
- 4,312 sq. ft.
- Multi-family
- Active
Listed by:elizabeth banwell
Office:legacy properties sotheby's international realty
MLS#:1511024
Source:ME_MREIS
Price summary
- Price:$750,000
- Price per sq. ft.:$173.93
About this home
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.
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Home facts
- Year built:1886
- Listing Id #:1511024
- Updated:June 27, 2025 at 04:08 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Living area:4,312 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water
Structure and exterior
- Year built:1886
- Building area:4,312 sq. ft.
- Lot area:0.06 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$173.93
- Tax amount:$4,667 (2020)
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