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Waterfront Commercial

$435,000

20 Canal Street, Machias, ME 04654

Active
Last Updated: 06/18/2025

1.91 acres

Lot Area

 
Details:
Lot Area:    1.91 acres
Highlights:
  • Multiple Income Streams: Residential rentals + commercial redevelopment
  • Waterfront Commercial Zoning: Ideal for retail,food/beverage, lodging, market, or mixed-use
  • Rare Coastal Access: Private road, substantial frontage, and scenic views
  • Development Strategies: Live in the finished house, rent the rest, develop or use for mixed use
  • Walkable Location: Minutes from downtown Machias, university, hospital, and amenities
Description:

FOR SALE – 19 & 20 Canal Street, Machias, ME 04654

1.75± Acres | 3 Residential Units + Rare Commercial Redevelopment Site | 825± Ft Waterfront

**Offered as a bundled sale**, 19 & 20 Canal Street present a rare opportunity to acquire a waterfront investment and redevelopment package in the heart of coastal Machias, Maine. With a total of approximately 1.75± acres, over 825 feet of river frontage (Machias River), residential units, and commercial build rights to within 25 feet of the shoreline, this property is an incredibly *RARE & UNIQUE* opportunity to develop close to the waters edge within the state of Maine. This is ideal for investors, developers, or owner-users seeking a live/work setup.


**PROPERTY DETAILS**

20 Canal Street – Residential Income + Value-Add

• Updated **1,400 SF Cape-style Home**
 – 3 Bedrooms | 1.5 Bathrooms | Full walkout basement
• Attached **1,950 SF early 1900s structure**
 – Converted into **(2) 2-Bedroom Units** (requires full renovation)
• Situated on **0.25± Acres** with town water/sewer
• Fully updated 3 bedroom primary unit – ready for occupancy or rental

19 Canal Street – Commercial Redevelopment + Waterfront Access

• Former **1,468 SF flower shop/greenhouse** (rebuild needed)
• Includes **rebuildable structures**
• Approx. **1.5± Acres** with **825± ft of waterfront frontage**
• Located in **General Development District** within **Shoreland Zoning**
 – Commercial buildings permitted **as close as 25 ft from water’s edge**
• Includes ownership of **private road (Canal Street)**
• Town Sewer on-site

Location Advantage:
Situated in the growing Down East region of Maine, Machias is a historic and cultural hub surrounded by natural beauty, university influence, and increased interest from eco-tourism and remote workers.

Inquire Directly with Owner for full details, zoning info, or to schedule a private walkthrough.

*Serious inquiries only.*

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