Riverfront Investment Property

20 Canal Street, Machias, Maine, 04654

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* FOR SALE

$524,000

MLS: 18015-10492

1.91 Acres

1,790 SqFt

What You Should Know

  • River front property

  • Commercial space opportunity

  • Income generating property

  • Investment opportunity

Why You'll Love It

Discover an exciting investment opportunity with unlimited possibilities on the Machias River. This property features a 3-unit apartment building with a first-floor 2-bedroom unit, a second-floor 2-bedroom unit, and a spacious two-story 3-bedroom unit facing the river. The river unit has been completely redone from head to toe and is move-in ready, featuring all new appliances, flooring, paint, and vanities. Ample parking is available, along with a former commercial building and a small shed.

A standout feature is the flexible zoning, allowing you to build within 25' of the water's edge. Whether you're considering cabins, a hotel, commercial enterprises, or residential development, this property caters to all.

Situated on 1.91 acres of surveyed land, annual taxes are $3,418.62. Don't miss this unique opportunity to invest in a property with boundless potential.

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Where You'll Find It

  • Street Address: 20 Canal Street
  • City: Machias
  • State: Maine
  • County: Washington

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Spencer Wood

Sales Agent