5 Union StreetWinthrop, ME 04364Price: $199,000

Some buildings offer square footage. Others offer possibilities. And a select few offer more than 160 years of history, character, and the opportunity to become part of a community's next chapter. Welcome to 5 Union Street, a circa-1860 commercial property in the heart of Winthrop's historic downtown. Offering approximately 9,165 square feet across multiple levels, this distinctive building presents an opportunity for entrepreneurs, investors, and visionaries looking for something beyond the ordinary. For generations, this location has been woven into Winthrop's history. Most notably, the address was home to the Gull Theatre, a 430-seat movie theater that opened in 1945 and entertained audiences into the early 1960s. The property later became Winthrop Lanes, bringing the community together for candlepin bowling. From the silver screen to the bowling lanes, this address has a history of bringing people together. Today, the building offers versatile spaces ready for reinvention. Approximately 1,833 square feet of front commercial space welcomes visitors from Union Street, while the rear features an expansive 3,080-square-foot open area. Additional offices, unfinished upper-level post-and-beam space, mezzanine storage, and a daylight basement with an overhead door provide further flexibility. Imagine a destination retail establishment, antique marketplace, creative studios, professional offices, entertainment venue, or a combination of complementary businesses. The layout also invites exploration of residential apartments or mixed-use redevelopment, subject to municipal approvals. Located just off Main Street, the property offers convenient access to Augusta, Lewiston, and surrounding communities. Whether your vision is to preserve its legacy, introduce something new, or blend the best of both, 5 Union Street offers an opportunity to write the next chapter of a Winthrop landmark. The history is already here. The next chapter is yours to create!