30 Water ST, Ellsworth, ME 04605
30 Water ST, Ellsworth, ME 04605
30 Water ST, Ellsworth, ME 04605
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Monet Yarnell

Monet Yarnell

+1(207) 461-4740
Listed by Veena Gaines Acadia Cornerstone Real Estate, LLC
$699,000
Est. payment /mo
2 Baths
5,097 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,097 sqft

Price per Sqft $137

MLS Listing ID 1669421

Full Baths 2

HOA Y/N No

Year Built 1850

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Source Maine Listings

Land Area 5097

Property Description

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.

Location

State ME

County Hancock

Zoning Downtown

Body of Water Union River

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Heating Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned

Cooling Heat Pump

Flooring Laminate, Tile, Vinyl, Wood

Exterior

Parking Features Paved, 21+ Spaces, Off Street

Waterfront Description Boat Slip,Common,Dock,Nearby,Public

Roof Type Shingle

Garage No

Building

Lot Description Business District, Near Shopping, Level, Sidewalks

Entry Level Multi-Level

Foundation Stone, Granite, Poured Concrete, Brick/Mortar

Water Public

Architectural Style Colonial

Others

Tax ID ELLH-000134-000020

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1669421

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Maine MLS (MREIS) IDX

Nearby School & Business

Monet Yarnell

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Phone

+1(207) 461-4740

Address

111 High St, Belfast, ME

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