Mixed-Use Building with Retail
145-147 Main Street Waterville, ME 04901
For Sale
$1,300,000
COMMERCIAL - Waterville, ME
Property Size9,854 SF
Lot Size0.06 Acres
Price / SF$131.93
Days on Market13
Property Features for 145-147 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CA
- Rooms
- Basement
- Parking features
- On Street, Other
- Basement
- Full, Walk-Out Access
- Standard status
- Active
- Size
- 9,854 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 5994
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Natural Gas
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1870
- Flooring type
- Concrete
- Building materials
- Masonry, Brick, Glass, Other Exterior
- Roof type
- Membrane
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 942-8261
Listed By:
Elisha Hardy · License #BR915418
(207) 314-2574
Added: Jul 11
Changed: Jul 21
Last Checked: Jul 23 at 5:06PM
MLS# 1646261
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building at 145–147 Main Street in Waterville, Maine combines commercial income with residential rental space. The commercial level is occupied by Waterville House of Pizza and Soul Revival. Above the retail, there are four residential units, including two 1-bedroom apartments, one 3-bedroom apartment, and a spacious 2-bedroom owner’s unit overlooking Main Street. The property is configured to support flexible ownership and income, with an on-site owner-occupant option or continued rental use for the units.
The building is zoned CA. It has a lot size of 0.06 acres and a total property size of 9,854 square feet, according to the listing information.
Possible owner financing is available to qualified buyers, adding flexibility for investors and owner-occupants. With established tenants below and four apartments above, the property presents a diversified, mixed-use income stream in downtown Waterville.
The building is zoned CA. It has a lot size of 0.06 acres and a total property size of 9,854 square feet, according to the listing information.
Possible owner financing is available to qualified buyers, adding flexibility for investors and owner-occupants. With established tenants below and four apartments above, the property presents a diversified, mixed-use income stream in downtown Waterville.
Key Highlights
- Downtown Waterville mixed‑use building with commercial space and four residential units above
- Commercial level leased to Waterville House of Pizza and Soul Revival
- Residential mix includes two 1‑bedroom apartments, one 3‑bedroom apartment, and a 2‑bedroom owner's unit overlooking Main Street
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.4k | $18.00 |
| − Vacancy | −$30.2k | −$3.06 |
| EGI | $147.2k | $14.94 |
| − OpEx | −$36.8k | −$3.74 |
| NOI | $110.4k | $11.21 |
9,854 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 8.49%
Second Best
Multifamily LT 5
$1.57M
$1.38M – $1.83M
NOI $110,046 @ 7.0% cap · market cap 8.47%
Theoretical Best
Warehouse
$14.70M
$12.86M – $17.15M
NOI $1,029,085 @ 7.0% cap · market cap 79.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Mixed-use property - Two established retail tenants occupy the first level, with four residential units above in downtown Waterville.
Where is this mixed-use property located?
The property is located at 145-147 Main Street Waterville, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Downtown Waterville mixed‑use building with commercial space and four residential units above; Commercial level leased to Waterville House of Pizza and Soul Revival; Residential mix includes two 1‑bedroom apartments, one 3‑bedroom apartment, and a 2‑bedroom owner's unit overlooking Main Street
