About this home
Bring something new to Main Street! Here is an opportunity to transform a substantial mixed-use property into something truly meaningful for Vinalhaven--while creating multiple avenues for income. With approximately 4,500 square feet, the ground floor is currently divided into multiple rooms, many separated by non-load-bearing walls, offering the flexibility to easily reconfigure the space to suit a variety of uses. One compelling possibility is 'Vinalhaven Hall'--a flexible gathering place for the island. The space could host community events, lectures, small music performances, intimate movie nights, workshops, wellness activities, private gatherings, and more. It could also fill an important community need as a welcoming place for young people to gather after school, on weekends, and during school breaks. With the right vision, even small gatherings and recurring community events could make this a place the island uses and enjoys throughout the year. Two residential units--a one-bedroom on the first floor and a two-bedroom on the second--provide an important income component and add flexibility for an owner-occupant, investor, or entrepreneur. With its Main Street presence, generous square footage, and adaptable layout, the property offers the bones, scale, and flexibility to become something distinctive for Vinalhaven while supporting a range of potential income streams. Whether envisioned as a community gathering space, creative hub, flexible commercial property, or a thoughtful combination of uses, this is a property with the room to become something of its own. With the right vision, this could become more than a commercial property--it could become a place where the island gathers, connects, and comes together.
Listing last checked: Listing updated:
Listed by Listing Agent · Davidson Realty · MLS #1651332
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard
- Cooling
- None
- Flooring
- Laminate, Vinyl, Linoleum
Building4 property facts
- Style
- General Commercial
- Year built
- 1930
- Foundation
- Block, Pillar/Post/Pier
- Roof
- Fiberglass, Shingle
Land & utilities4 property facts
- Lot size
- 0.1 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Residential/Comm.
Financial2 property facts
- Annual taxes
- $3,912
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $548,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,097 / monthAdjust
- Principal & interest
- $2,771
- Property tax
- $326
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,912. 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 W Main Street
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Request a tour of 54 W Main 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.
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