Stunning. Iconic. Breathtaking. All words that can't fully describe this one-of-a-kind island property! This is your opportunity to invest in a way of life envied by most. Boldly located on beautiful Long Island at Ponce Landing and easily accessible from Portland via the ferry, this waterfront property offers expansive ocean views from nearly every window. Just a short walk from the ferry, the building make-up is 5 residential units and a post office. The well-appointed residential units can be rented long term or short term. There are 3 three-bedroom 2.5 bath townhouse style units with 2 private decks each, overlooking the water. There is 1 one-bedroom 1.5 bath two-level unit with a private deck and 1 3-bedroom 1 bath one level unit with a fantastic oversized private deck. All units have a washer/dryer, fully applianced kitchens and those inspirational westerly ocean views! Included is 145' of owned water frontage and your own deep-water dock. There is also the tremendous opportunity to easily convert to condominium units as the current owner has completed the needed documents. This is a great opportunity for an owner-occupied investor or anyone eager to experience the unique lifestyle among the calendar islands of Caso Bay!