About this home
Steeped in Downeast history, the iconic ''Five and Dime'' building on Water Street offers a rare chance to own a piece of Machias heritage. Perched near the scenic Machias River, this historic property was once the bustling heartbeat of downtown. For decades, it served as a beloved community anchor where generations of locals gathered for daily goods, penny candy, and conversation.The building beautifully preserves its mid-century merchant charm, featuring broad storefront display windows, historic wood accents, and a wide-open interior footprint. Its rich legacy is deeply tied to the town's maritime and timber roots, standing resilient through the years in a prime, highly walkable location just steps from downtown amenities and Bad Little Falls Park.This versatile structure is a blank canvas ready for its next chapter. It is perfectly suited for a boutique retail market, an artisan collective, a craft brewery, or unique loft-style apartments. Bring your vision to life and revitalize a coastal Maine landmark.
Listing last checked: Listing updated:
Listed by Listing Agent · Bold Coast Properties · MLS #1675560
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Vinyl, Wood
Building4 property facts
- Style
- General Commercial
- Year built
- 1928
- Foundation
- Brick/Mortar
- Roof
- Tar/Gravel
Land & utilities5 property facts
- Lot size
- 0.29 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- none
Financial2 property facts
- Annual taxes
- $6,245
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $349,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,285 / monthAdjust
- Principal & interest
- $1,765
- Property tax
- $520
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,245. 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 6 Colonial Way
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Request a tour of 6 Colonial Way 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.