24 Water Street, Lubec, ME 04652

$578,000
Property Type: Commercial Square Footage: 1,236 Lot Size (sq. ft.): 871 Status: Active Under Contract
Current Price: $578,000 List Date: 7/01/2026 Last Modified: 8/05/2026

Description

Located in the heart of downtown Lubec- where the sun rises first - this mixed-use property offers exceptional flexibility for commercial, residential, or investment use. Locally recognized as the former A.W. Kelley Drugs & Medicines, the building was originally constructed in the mid-1800s by Jeremiah Fowler and has served as a restaurant, attorney's office, gift shop, tour company, and more. The vacant first floor features a 388+/- sq. ft. storefront or office with large windows overlooking Water Street, an open layout, original tin ceilings, a kitchenette, full bathroom, basement access, and a spacious covered rear deck. Ideal for retail, office, gallery, studio, or other business ventures. A private entrance leads to the second-floor two-bedroom, one-bath apartment featuring hardwood floors, original tin ceilings, and stunning water views from nearly every room. The living room opens onto a 278+/- sq. ft. deck overlooking the Lubec Channel/Narrows with views of Mulholland Lighthouse, Campobello Island, and the Franklin Delano Roosevelt Memorial Bridge. Watch fishing boats, seabirds, wildlife, and the ever-changing tides from one of Lubec's most scenic settings. Live upstairs while operating a business below, generate rental income, convert the first floor to additional living space, or transform the property into a single-family home. Just steps from restaurants, shops, the library, grocery store, waterfront, seasonal farmers market, and public boat landing. Nearby Cobscook Shores preserves, Mowry Beach, public beaches, kayaking, hiking trails, and West Quoddy Head Lighthouse offer endless opportunities to enjoy Downeast Maine. Blending historic character, recent complete restoration, beautiful Lubec Channel views, and a prime downtown location, this property offers endless possibilities.Virtual 360 Tour Available by Request

Supplements: ********

More Information MLS# 1669681

Location Information

Street #: 24 Street Name: Water Street Type: Street County: Washington Town: Lubec State/Province: ME Zip Code: 04652 Zip +4: 1143 Leased Land: No Book: 4719,5048,5046 Page: 33,227,65 Map: 15 Lot: 15 Zoning: General Development Zoning Overlay: Yes Full Tax Amount $: 2438 Tax Year: 2025 Tree Growth Y/N: No Association Y/N: No Geo Lat: 44.861325 Geo Lon: -66.983425

Contract Information

Status: Active Under Contract Kick-Out: No Original List Price: 578000 List Price: $578,000 Current Price: $578,000

Property Information

Primary Use: Mixed Use Surveyed: Yes Deed/Conveyance Type Offered: Warranty Deed: All Year Built: 1850 Total # Floors: 2 SqFt Finished Total: 1236 Lot Size Acres +/-: 0.02 Road Frontage +/-: 24

Water Info

Water View: Yes Water Body Name: Lubec Channel

Utilities

Utilities On: Yes

Property Features

Location: Downtown; Water View Water Body Type: Ocean Recreational Water: Nearby; Public Construction: Wood Frame Levels: Multi-Level Property Uses: Bar/Tavern/Lounge; Commercial; Convenience Store; Flex; Freestanding Building; Grocery; Office Building; Restaurant; Retail; Special Purpose Basement: Full; Unfinished; Walk-Out Access Exterior: Clapboard; Shingle Siding; Wood Siding Roof: Shingle Heat System: Forced Air Heat Fuel: Oil Cooling: None Floors: Wood Building Features: Internet Access Available Parking: No Parking Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Bold Coast Properties
Last Updated: August - 05 - 2026
24 Water Street, Lubec, ME 04652- MLS# 1669681
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