Ellsworth
$699,000
30 Water Street
mls: 1669414
Bathrooms: 0
Year Built: 1850
Sq Footage: 5,097
Lot Size: 0.11
Taxes: $6,875
Status: Active

Prime In-Town Mixed-Use Brick Building This versatile brick building offers a significant investment opportunity in the heart of town. Combining high-visibility commercial space with immediate residential potential, the property features substantial recent infrastructure upgrades and is being offered at a dramatic price reduction to account for the necessary sprinkler system installation.

Listed by: Acadia Cornerstone Real Estate, LLC

Prime In-Town Mixed-Use Brick Building This versatile brick building offers a significant investment opportunity in the heart of town. Combining high-visibility commercial space with immediate residential potential, the property features substantial recent infrastructure upgrades and is being offered at a dramatic price reduction to account for the necessary sprinkler system installation. Property Highlights Commercial (1st Floor): 2,472 sq. ft. of flexible space, perfectly suited for retail or professional endeavors. Residential (2nd Floor): Two newly constructed 2-bedroom, 1-bath apartments featuring high ceilings and expansive, classic windows. Office (3rd Floor): Dedicated, owner-occupied office space with a private bathroom. Modern Systems: 10 heat pumps installed in 2024 service the entire building. Parking: Includes dedicated off-street parking, a premium in-town asset. Strategic Upside & Expansion Current town regulations permit one rental unit on the second floor, with the other requiring owner occupancy. The property is priced to reflect the buyer's requirement to install a sprinkler system. Beyond allowing both second-floor units to become fully rentable, the installation of a sprinkler system unlocks further potential for additional apartment units within the building, offering significant long-term growth and income optimization.

Listed by: Acadia Cornerstone Real Estate, LLC

Accessibility Features
Appliances
Architectural Style
Basement
Full, Unfinished
Bathrooms Total Integer
0
Body Type
Building Area Total
5097.00
Construction Materials
Wood Frame, Masonry, Brick
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Laminate, Tile, Vinyl, Wood
Foundation Details
Stone, Granite, Poured Concrete, Brick/Mortar
Green Energy Efficient
Heating
Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Downtown, Near Shopping
Lot Size Acres
0.1100
Other Equipment
Other Structures
Parking Features
21+ Spaces, Paved, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
6875.00
Utilities
Water Source
Public
Waterfront Features
Boat Slip, Common, Dock, Nearby, Public
Year Built
1850
Zoning
Downtown