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    120 Drummond Ave Waterville, ME 04901

    Sponsored
    For Sale
    $359,900

    COMMERCIAL - Waterville, ME

    Property size:
    2,908 SF
    Lot size:
    1.92 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 9 at 4:06 pm

    Property Features for 120 Drummond Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IND
    Size
    2,908 SF
    Lot size
    1.92 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Baseboard, Space Heater, Hot Water(Heating)
    Cooling system
    Heat Pump
    Water source
    Well

    Building Details

    Year built
    1976
    Flooring type
    Vinyl, Carpet, Concrete
    Building materials
    Metal Clad
    Roof type
    Metal

    Coldwell Banker Plourde Real Estate (207) 872-7650 [email protected]

    Listing agent Donald Plourde (207) 872-7650

    Listing date Dec 17, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Waterville Commercial Opportunity

    This commercial property is situated on 1.92 acres and formerly housed the American Legion Hall. The property offers three private office/mixed-use suites. An outdoor canopy provides a spacious area suitable for gatherings and events. The site's versatile layout offers potential for office, event, community, or special-use purposes. The property has a size of 2908 square feet. It is located in Waterville, Maine. The zoning is IND. Taxes are currently low due to the non-profit status of the occupant; actual taxes are to be determined.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allied Health Advantage Orthotics & Prosthetics Service Matrix minerals Rock Shop MATS WATERVILLE Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6248307
    Latitude
    44.573142

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    FAQs

    What type of property is this?
    Wedding venue - 1.92-acre commercial property with office suites and outdoor canopy.
    Where is this wedding venue located?
    The property is located at 120 Drummond Ave Waterville, ME.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - 1.92 acre lot offers significant space and potential for various uses.; - Three private office/mixed-use suites provide immediate functionality.; - Spacious outdoor canopy is ideal for events and gatherings.
    (207) 861-2462
    Request Owner's contact information
    120 Drummond Ave Waterville, ME 04901
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    Waterville, ME 04901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Drummond Ave Waterville, ME 04901
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