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32 Water St

5,000 SF Retail Building Lubec, ME 04652 $1,397,657 CAD ($280 CAD/SF)

Investment Highlights

  • Oceanfront
  • Commercial Space with 2nd Story Living Quarters.
  • Blank Canvas Ready for your Imagination!

Executive Summary

Discover the pinnacle of coastal commercial excellence on Water Street in Lubec, Maine, with this expansive 5000' +/- sq. ft. property. Recently renovated with meticulous attention to detail, it boasts new cedar shakes, a metal roof, and windows, ensuring both durability and style. Step inside to find a fully reclaimed interior, stripped to the studs and revitalized with insulation, new drywall, electrical, plumbing, and heating systems. Enjoy breathtaking vistas from the 2500' +/- sq. ft. ocean wrap-around deck, offering sweeping views of the Lubec Narrows, Franklin D. Roosevelt Bridge to Campobello, and historic Mulholland Point Lighthouse. Witness local fishermen setting out for the day, seals at play, and the mesmerizing beauty from the sunrise to moonrise. The 3500' +/- commercial space presents a blank canvas with three expansive rooms and two half bathrooms on the first floor, awaiting your entrepreneurial vision. From immaculate hardwood floors to striking tin ceilings, sophistication radiates throughout this exceptional property. Above, indulge in the luxury of a stunning 1500' +/- sq. ft. living quarters, featuring two bedrooms and two bathrooms with high-end finishes. The chef-inspired kitchen boasts a large gourmet gas range, vented hood, and a spacious 60' sq. butcher block island, complemented by original beams, vaulted ceilings, and a private deck. Experience the charm of Lubec, with its 97 miles of rugged shoreline, abundant hiking trails, and natural wonders. As the Eastern Most Point in the USA, this oceanfront commercial paradise with living quarters invites you to unleash your creativity and turn your dreams into reality.

Limitless Opportunities Await
Nestled in the heart of the historic town of Lubec, Maine, this property boasts 3400 sq ft of commercial space on the main floor with 3400 possibilities! Three separate yet connected large spaces, coupled with two large bathrooms, create boundless opportunities for diverse ventures that offer both Water Street and Waterfront options in one.
Consider transforming this alluring space into the Easternmost brewpub in America, where the spirit of Lubec flows like the tides in every glass. Invite artists and craftsmen to showcase their work in a captivating gallery, fostering a thriving arts community. The versatility of this commercial space even allows you to host weddings, receptions, and cultural events, creating memories in a setting that mesmerizes with breathtaking ocean views
The top-floor 2-bed, 2-bath apartment presents a chef's dream kitchen with a large gas gourmet range and vented hood. A 60 sq ft island with a walnut butcher block becomes an inviting space for entertaining guests while preparing lobster! Original beams and a vaulted ceiling create an open and airy living area, perfectly complementing the oceanfront vista.
Your Gateway to Coastal Living
Let your entrepreneurial spirit roam free in Lubec—a town where dreams come to fruition, and ventures thrive. Amidst the gentle whispers of the ocean and the timeless charm of the town, this oceanfront commercial space invites you to embark on a journey of prosperity and fulfilment.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1900/2018
Price
$1,397,657 CAD
Price Per SF
$280 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Land Acres
0.20 AC
Zoning
Multi Use - Commercial, Shoreland, and Residential on 2nd Floor
Frontage
50 ft on Water Street

Amenities

  • Waterfront
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LUBE-000015-000000-000017
Land Assessment
$122,062 CAD
Improvements Assessment
$299,739 CAD
Total Assessment
$421,802 CAD
  • Listing ID: 31934899

  • Date on Market: 2024-05-27

  • Last Updated:

  • Address: 32 Water St, Lubec, ME 04652

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