30 Water Street, Ellsworth, ME 04605
sale
$699,000
|
Other
Courtesy Of Acadia Cornerstone Real Estate, LLC
61 Cottage Street, Bar Harbor, ME 04609
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Cooling System: Heat Pump
- Exterior Type: Brick
- Exterior Type: Masonry
- Exterior Type: Wood Frame
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Laminate
- Floor Covering: Tile
- Heating System: Zoned
- Heating System: Electric (Heating)
- Heating System: Baseboard
- Heating System: Oil
- Heating System: Heat Pump (Heating)
- Heating System: Hot Water(Heating)
- MLSID: 1669414
- Roof Type: Shingle
- Rooms: Basement
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