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Bean Group
Offered at $650,000Active
beds
1
baths
4
sq ft
6,679
Built
1940

33 Water Street

Blue Hill, ME 04614

About this home

Downtown Blue Hill commercial opportunity with flexibility, visibility, and multiple possibilities. Located within easy walking distance of Blue Hill's restaurants, shops, services, and hospital, 33 Water Street offers investors and owner-users an opportunity to acquire a versatile property in the center of town. The property offers a 1 bedroom apartment along with four potential commercial spaces, creating flexibility for a variety of configurations and income-producing uses. Office, retail, gallery or art studio, workshop, and live/work concepts could all be explored, providing the opportunity to tailor the property to changing market demands or create a combination of uses. The upstairs apartment adds another dimension to the property, with views toward Blue Hill Bay and the potential for residential, live/work, or other complementary use, subject to applicable zoning and approvals. For an investor, entrepreneur, or owner-user, 33 Water Street is a blank canvas in a walkable downtown location—an opportunity to establish multiple uses, create rental income, or build a distinctive commercial property around your own business vision. Bring your ideas, your business, and your investment strategy to one of Blue Hill's most convenient downtown locations. parent listing MLS# 1659749

Listing last checked: Listing updated:

Listed by Listing Agent · The Christopher Group, LLC · MLS #1679347

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Details at a glance

Interior5 property facts
Rooms
6
Heating
Electric, Oil, Baseboard
Cooling
None
Flooring
Carpet, Concrete, Vinyl
Fireplaces
0
Building4 property facts
Style
Single Family Residence
Year built
1940
Garage
0
Roof
Shingle
Land & utilities4 property facts
Lot size
0.52 acres
Water
Well
Sewer
Public Sewer
Zoning
commercial
Financial2 property facts
Annual taxes
$5,585
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $650,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,752 / monthAdjust
Principal & interest
$3,287
Property tax
$465
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,585. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 33 Water Street

Can I request a private showing?

Request a tour of 33 Water Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.