Downtown Waterville Mixed-Use
45 Water Street Waterville, ME 04901
For Sale
$175,000
COMMERCIAL - Waterville, ME
Property Size13,793 SF
Lot Size0.24 Acres
Price / SF$12.69
Days on Market72
Property Features for 45 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC
Rooms
Basement
Interior features
Storage
Basement
Full, Unfinished
Standard status
Active
Size
13,793 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7262
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil
Water source
Public
Building Details
Year built
1920
Flooring type
Wood, Hardwood, Carpet
Building materials
Wood Frame, Clapboard, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Two Rivers Realty, LLC
(207) 469-9930
Listed By:
Kyle McGeechan
(207) 469-9930
Added: May 19
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 1655268
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.
Located in downtown Waterville, the property at 45 Water Street presents a value-add investment opportunity with multiple income streams and upside potential. The mixed-use asset, with a size of 13,793 square feet, was formerly operated as a bar and entertainment venue and is suited for repositioning or redevelopment. The ground-level commercial space offers a large open layout ideal for reactivation as a bar/restaurant, event venue, or conversion to retail, office, or multi-tenant commercial use. Its downtown location benefits from foot traffic and proximity to Waterville's ongoing revitalization. The property includes two existing apartments in the attached building, providing immediate income potential. Above the commercial space are two additional floors featuring multiple rooms and two bathrooms per level, offering a path to additional unit creation, short-term rental conversion, workforce housing, or boutique lodging. The property, situated on a lot of 0.24 acres, requires extensive repairs and updating, making it suited for investors, developers, or experienced operators ready to execute a renovation or full repositioning strategy. The property is zoned CC.
Key Highlights
- Prime downtown Waterville location with high foot traffic.
- Significant value‑add investment opportunity with multiple income streams.
- Large, open ground‑level commercial space suitable for various uses.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Value-add investment with multiple income streams and significant upside.
Where is this mixed-use property located?
The property is located at 45 Water Street Waterville, ME.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prime downtown Waterville location with high foot traffic.; Significant value‑add investment opportunity with multiple income streams.; Large, open ground‑level commercial space suitable for various uses.
