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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


  • Bathroom2
  • Square Feet9,000
  • Foundation MaterialsPoured Concrete
  • BasementFull
  • 1 Bedroom Units2
  • Stories3
  • Units2
  • Building ConstructionWood Frame
  • Num Floors3
  • RoofMetal, Pitched


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


  • Last Img Trans Date05/18/2022
  • Modification Date06/13/2022
  • Lot31
  • Parking SpacesOn Street
  • Year Built1900
  • View Count2


  • Full Bath2


  • StateME
  • LocationBusiness District
  • Zip04953
  • Address5 Water Street
  • CountyPenobscot
  • DrivewayNo Driveway
  • Map15
  • Road Frontage DescriptionPaved, Public
  • SiteOpen, Sidewalks
  • TownNewport


  • ExteriorVinyl Siding


  • Recreational WaterLake/Fresh Water, Nearby
  • AmenitiesSprinkler
  • Other AmenitiesBasement, Water View

Basic Information

  • StyleMulti-Level
  • SeasonalNo
  • MLS Number1528743
  • Agent ID017530
  • Broker NameSVN The Masiello Group
  • Broker ID3158
  • List Price$425,000
  • MLS StatusActive
  • Property SubTypeResidential Income


  • Acreage0.12
  • Leased LandNo
  • Sq Ft SourcePublic Records
  • Vehicle StorageNo Vehicle Storage
  • Water ViewYes

Water Body

  • Water Body NameEast Branch Sebasticook River Reservoir
  • Water Body TypeRiver
  • Water FrontageNo


  • Number of Photos59

Map Location

Driving Directions

Listed by SVN The Masiello Group

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Mallett Real Estate participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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