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Renovated Building in-town Newport. 1st floor has 2 large retail spaces that can be converted easily into any use, bathroom with full laundry and 4 large office spaces also on 1st floor. 2nd floor has two 1 bedroom apartments with either option for 3rd or an addition to be added to the first apartment to make it a 2 bedroom. 3rd floor has a magnificent huge room most recently used as an exercise/yoga room with work/live space with full kitchen. All floors have 10 ft ceiling. This property is in a great location over looking the river with lots of potential.

More Info

Location Information

  • Building Number5
  • StreetWater Street


  • BasementFull
  • Stories3
  • Total Units2
  • Year Built1900
  • FoundationPoured Concrete
  • Building ConstructionWood Frame
  • Building FeaturesSprinkler - Wet
  • RoofMetal, Pitched
  • Year Renovated2015

Property Information

  • Property UsesCommercial, Freestanding Building


  • Parking SpacesOn Street

Tax Information

  • Tax Year2,021


  • StateME
  • TownNewport
  • Zip04953
  • LocationDowntown, Near Turnpike/Interstate, Water View
  • CountyPenobscot
  • Map15


  • Acreage0.12
  • Sq Ft Finished Total9,000
  • Leased LandNo


  • Heat SystemMulti-Zones, Other
  • Heating FuelElectric, Oil
  • Waste Water DisposalPublic Sewer
  • WaterPublic
  • CoolingNone
  • ElectricCircuit Breakers
  • GasBottled

Basic Information

  • List Price$499,900
  • MLS Number1524953
  • Address5 Water Street
  • Broker NameSVN The Masiello Group
  • Modification Date05/18/2022
  • Agent ID017530
  • Broker ID3158
  • MLS StatusActive
  • Property SubTypeMixed Use


  • FloorsCarpet, Vinyl, Wood


  • ExteriorVinyl Siding


  • Other AmenitiesBasement


  • Number of Photos59
  • Last Img Trans Date04/15/2022

Map Location

Driving Directions

Listed by SVN The Masiello Group

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