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Bring your vision to this prime corner lot in the heart of downtown Vinalhaven. Set on .20 acres and zoned for both commercial and residential use, this property offers endless possibilities for a creative new owner. The property currently features a classic New England-style home with 2 bedrooms and 1 bath-ready to be restored to its former charm and a separate workshop with an upstairs 1-bedroom apartment. With some repairs and updates, this could become a fantastic mixed-use property: live on site, operate a small business, or generate income through rentals. From the apartment deck, enjoy views of Carvers Harbor, Carvers Harbor Pond, and even a peek down Vinalhaven's historic Main Street. The spacious yard offers room for parking, gardens, or outdoor workspace, adding to the property's versatility. Whether you're an investor, builder, or someone looking for a project with strong potential, this property presents a rare opportunity in an unbeatable location.

Property Details of 4 Water Street

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Listed by Rock Coast Realty

Sold by Rock Coast Realty

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Megunticook Real Estate participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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