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30 Water Street

Ellsworth

$699,000

beds   ·   baths   ·   5,097 sqft   ·   0.11 acres   ·   taxes: $6,875   ·   MLS#: 1669414

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.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1850
  • Flooring : Laminate, Tile, Vinyl, Wood
  • Roof : Shingle
  • Basement : Full, Unfinished
  • Heating : Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
  • Cooling : Heat Pump

Site

  • Water Body Type : Boat Slip, Common, Dock, Nearby, Public
  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Downtown
Listing provided by Acadia Cornerstone Real Estate, LLC

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy