For Sale
$369,000

5 Water St Newport, ME 04953

Mixed-Use Building, High Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional three-story commercial building, located at 5 Water Street in Newport, Maine, presents a rare investment opportunity. Spanning 8,832 square feet on a 0.12-acre lot, this property boasts a diverse tenant mix including a specialty store, dance studio, two large residential apartments, and several smaller professional offices. The building offers significant income potential with existing tenants eager to renew their leases. Recent improvements include a new metal roof (2009), Rinnai heaters installed on the second and third floors (2017), and updated bathrooms. The property's character is undeniable, having undergone extensive renovations over the years. Additional rental opportunities exist within the building. Situated in the heart of Newport, this property enjoys convenient access to numerous amenities and the scenic Sebasticook River. The asking price is $369,000. This is an ideal addition to an existing portfolio or a perfect starting point for a new investment.

Highlights

  • Asking Price: $369,000
  • Property Type: Commercial Land, 8,832 square feet, 0.12 acres
  • Located at 5 Water Street, Newport, ME 04953
  • Three-story building with mixed-use tenants (retail, residential, professional offices)
  • Recent renovations include a new metal roof (2009), updated bathrooms, and individual Rinnai heaters on the upper floors (2017).

Property Details for 5 Water St

Property type
Specialty properties, Land
Square Feet
8,832 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Newport
County
Penobscot
State
Maine
Latitude
44.8356621
Longitude
-69.2735196

Nearby Similar for Sale

  • For Sale
    $100,000

    Prime Newport Commercial Land

    Two-acre lot, high visibility, $100,000

    Lot #5 Moosehead Trl
    Newport, ME
    View Details
  • For Sale
    $130,000

    Newport, ME Residential Land - 4 Lots

    Four buildable residential lots in Newport, Maine.

    Williams Rd
    Newport, ME
    View Details
  • For Sale
    $750,000

    Prime Newport Commercial Property

    High-traffic location, 6,566 sq ft, great potential.

    134 Main St
    Newport, ME
    View Details
  • For Sale
    $419,900

    Prime Newport Commercial Property

    Spacious building, 3.13 acres, high traffic.

    18 Ellingwood Dr
    Newport, ME
    View Details
  • For Sale
    $69,000

    Prime Newport Commercial Land

    Two-acre lot, high visibility, affordable.

    #5 Moosehead Trl Trl
    Newport, ME
    View Details
  • For Sale
    $369,000

    Prime Newport Commercial Building

    Multi-use building with strong rental income.

    5 Water St
    Newport, ME
    View Details

FAQs

What type of property is this?
Specialty property - Mixed-Use Building, High Potential
Where is the specialty property located?
The property is located at 5 Water St Newport, ME.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Asking Price: $369,000; Property Type: Commercial Land, 8,832 square feet, 0.12 acres; Located at 5 Water Street, Newport, ME 04953
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Karen Burns
Visit Broker Website

Learn more

Useful Information

Request information

Water St
Newport, ME 04953

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

Water St
Newport, ME 04953

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

5 Water St
  • Karen Burns
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.