Property Description

Built in 1928 and standing tall in the heart of Machias, this three-story building is a piece of Downeast history. Known locally as the old 5 & 10, the property has worn many hats over the past century?retail shops, doctors' offices, a bakery, a funeral parlor?and continues to evolve with the times.The first floor, with its own street-level entrance at 3 Water Street, is a large open space currently configured as a tech workshop. It's divided by temporary walls and cubicles, offering flexibility without permanent fixtures. The second floor, accessible from street level at 6 Colonial Way, is split into two units separated by a shared foyer. One side houses professional office space; the other is a craftsman's studio. Both floors are currently rented, generating immediate income.The top floor is where the opportunity really opens up. Down to studs and upgraded with new electrical, this sun-filled third story is a blank slate ready for apartments, studios, or additional office space. It has its own private entrance on Colonial Way and captures great light throughout the day.With original architectural details largely intact and its appearance remarkably unchanged from old photographs, this building is a rare blend of historical charm and functional, flexible space. Whether you're an investor looking for steady rental income or a developer with an eye for adding value, this Machias landmark is ready for its next era.

Property Features