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Medical Office Condo
For Sale
$49,900

325 Kennedy Memorial Drive, Waterville, ME 04901

Commercial Sale, Waterville, ME

Property Size893 SF
Lot Size0.23 Acres
Price / SF$55.88
Days on Market78

Property Features for 325 Kennedy Memorial Drive

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Rooms Basement
Basement Full, Daylight
Lot features Near Turnpike/ Interstate, Near Airport, Near Shopping, Office Park
Standard status Active
Size 893 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1253
HOA Fee $500,600 Monthly

Utilities

Sewer type Public Sewer
Heating system Baseboard, Oil
Cooling system Central Air
Water source Public

Building Details

Year built 1969
Flooring type Carpet, Laminate
Building materials Wood Frame, Brick, Clapboard
Roof type Shingle
Listing Agency: Keller Williams Realty
Listed By: Francois Rodrigue
Added: Jul 7 Changed: Sep 12 Last Checked: Sep 22 at 2:06PM
MLS# 1656691

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 893-square-foot medical office condominium at 325 Kennedy Memorial Drive provides two exam rooms, a waiting area, break room, and one half bath. The condominium association permits medical office use only, creating a defined setting for the existing configuration. Interior finishes include laminate flooring and carpet, with central air conditioning and oil-fired baseboard heat. The building dates to 1969 and has a shingle roof, wood frame, brick, and clapboard construction.

The property is in Waterville, Maine, with public water and public sewer service. A basement is also included among the property’s rooms. Its in-town setting places the condo close to local amenities.

Key Highlights

  • 893‑square‑foot medical office condominium
  • Two exam rooms, waiting area, break room, and one half bath
  • Condominium association permits medical office use only

Property Analytics

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Current Use

Richard Raskin Physician Price-Wharff Helen MD Physician Samantha Nadeau Physician Erika Hall Physician Dr. Hugh D. ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
Well-served
Demand for This Use

Demographics for 04901, ME

26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Includes exam rooms, a waiting area, break room, and half bath.
Where is this medical office space located?
The property is located at 325 Kennedy Memorial Drive Waterville, ME.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: 893‑square‑foot medical office condominium; Two exam rooms, waiting area, break room, and one half bath; Condominium association permits medical office use only
More about this property
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