20 Canal St - Flex FOR SALE


Machias, ME 04654
$435,000 USD
207-271-0298
20 Canal St, Machias, ME for Sale
$435,000 USD
Flex - FOR SALE
1/77
null | Request Cap Rate

20 Canal St
Machias, ME 04654


OVERVIEW

?? FOR SALE – 19 & 20 Canal Street, Machias, ME 04654 ?? 1.75± Acres | ?? 3 Residential Units + Rare Commercial Redevelopment Site | ?? 825± Ft Waterfront **Offered as a bundled sale**, 19 & 20 Canal Street present a rare opportunity to acquire a waterfront investment and redevelopment package in the heart of coastal Machias, Maine. With a total of approximately 1.75± acres, over 825 feet of river frontage (Machias River), residential units, and commercial build rights to within 25 feet of the shoreline, this property is an incredibly *RARE & UNIQUE* opportunity to develop close to the waters edge within the state of Maine. This is ideal for investors, developers, or owner-users seeking a live/work setup. ?? **PROPERTY DETAILS** ? 20 Canal Street – Residential Income + Value-Add • Updated **1,400 SF Cape-style Home** – 3 Bedrooms | 1.5 Bathrooms | Full walkout basement • Attached **1,950 SF early 1900s structure** – Converted into **(2) 2-Bedroom Units** (requires full renovation) • Situated on **0.25± Acres** with town water/sewer • Fully updated 3 bedroom primary unit – ready for occupancy or rental ? 19 Canal Street – Commercial Redevelopment + Waterfront Access • Former **1,468 SF flower shop/greenhouse** (rebuild needed) • Includes **rebuildable structures** • Approx. **1.5± Acres** with **825± ft of waterfront frontage** • Located in **General Development District** within **Shoreland Zoning** – Commercial buildings permitted **as close as 25 ft from water’s edge** • Includes ownership of **private road (Canal Street)** • Town Sewer on-site ?? Highlights & Development Potential Multiple Income Streams: Residential rentals + commercial redevelopment Waterfront Commercial Zoning: Ideal for retail, food/beverage, lodging, market, or mixed-use Rare Coastal Access: Private road, substantial frontage, and scenic views Development Strategies: Live in the finished house, rent the rest, develop or use for mixed use Walkable Location: Minutes from downtown Machias, university, hospital, and amenities ?? Location Advantage: Situated in the growing Down East region of Maine, Machias is a historic and cultural hub surrounded by natural beauty, university influence, and increased interest from eco-tourism and remote workers. ?? Inquire Directly with Owner for full details, zoning info, or to schedule a private walkthrough. *Serious inquiries only.*

FOR SALE DETAILS

PRICE

$435,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canal St

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

MCHA-000011-000000-000043

ASK ABOUT THIS PROPERTY

Wesley GrahamHarbor Homes Of MaineMore Info
207-271-0298

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Wesley GrahamHarbor Homes Of MaineMore Info
207-271-0298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.