About this home
Located on Water Street in the heart of downtown Lubec, this surveyed .13+/- acre waterfront parcel, comprised of two combined lots, offers an exceptional opportunity in the easternmost town in the United States. With one lot extending ownership to the lower low-water mark, this unique property features direct waterfront and breathtaking views of the Lubec Narrows, the Franklin Delano Roosevelt International Bridge, Mulholland Point Lighthouse, and Campobello Island. Commercial zoning provides outstanding flexibility for a variety of business and investment opportunities. Develop a commercial building with retail, office, gallery, restaurant, or other commercial space on the first floor, with the potential for residential living or income-producing apartments above (subject to local approvals). The waterfront setting creates an unforgettable backdrop for nearly any venture. Experience the first sunrise in the United States and enjoy spectacular moonrises over the Lubec Narrows. Watch lobster boats leave the harbor, seals play in the tidal currents, bald eagles soar overhead and take in the ever-changing waterfront scenery that makes Lubec one of Maine's most distinctive coastal communities. Conveniently located within a few steps of shops, restaurants, galleries, the waterfront, and the public boat landing, the property is also just minutes from West Quoddy Head State Park, Cobscook Shores Parks, and miles of hiking trails, kayaking, birdwatching, and outdoor recreation. Whether your vision is commercial, mixed-use, or investment-focused, this rare waterfront parcel offers an incredible location with outstanding development potential. A one of kind opportunity waiting for vision!
Listing last checked: Listing updated:
Listed by Listing Agent · Bold Coast Properties · MLS #1670615
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities5 property facts
- Lot size
- 0.13 acres
- Water
- Public, None
- Sewer
- None, Public Sewer
- Waterfront
- Y
- Zoning
- Shoreland/Flood Zone
Financial2 property facts
- Annual taxes
- $1,588
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $95,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$613 / monthAdjust
- Principal & interest
- $480
- Property tax
- $132
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,588. 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 54 Water Street
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Request a tour of 54 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.

