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30 Water Street, 
Ellsworth, ME 04605

$699,000


Bed


2

Baths


5,097

Sq Ft


Multi-Family


Virtual Tour

Pending

Acadia Cornerstone Real Estate, LLC.

Last updated:

August 19, 2026, 08:05 AM

MLS#

1669421

Source:

ME MREIS

About This Home

30 Water Street

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.

Home Facts

Multi-Family

2 Baths

Built in 1850

Price Summary

699,000

$137 per Sq. Ft.

MLS #:

1669421

Last Updated:

August 19, 2026, 08:05 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Architectural Style:

Colonial

Building Area:

5,097 Sq. Ft.

Year Built:

1850


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$699,000

Price per Sq. Ft:

$137 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.