Automotive Retail and Service
100 Kennedy Memorial Drive Waterville, ME 04901
New
100 Kennedy Memorial Drive, Waterville, ME, 04901
$375,000
For Sale
$375,000
COMMERCIAL - Waterville, ME
Property Size1,812 SF
Lot Size0.57 Acres
Price / SF$206.95
Days on Market2
Property Features for 100 Kennedy Memorial Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Mixed/Commercial
- Standard status
- Active
- Size
- 1,812 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4764
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Water source
- Public
Building Details
- Year built
- 1972
- Flooring type
- Linoleum, Concrete
- Building materials
- Steel Frame, Wood Frame, Metal Clad
- Roof type
- Metal
Listing Agency
Coldwell Banker Plourde Real Estate
(207) 872-7650
143 Silver Street, Waterville, ME
Listed by
Dana Michaud
(207) 314-2268
Added: Jul 17 Checked: Jul 18 at 10:06 am
MLS# 1652989
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 for-sale commercial property was operated as a family-owned used car dealership for more than 50 years. The site includes two in-town lots and provides on-site parking, along with road access from Kennedy Memorial Drive and Sawyer Street.
The property is located in Waterville, Maine, within a mixed/commercial zoning area. It is adjacent to Aroma Joes and provides easy access to JFK Plaza, where retail anchors including Hannaford and Tractor Supply are located.
The offering may be suitable for automotive-oriented uses or retail concepts, subject to City of Waterville approval.
The property is located in Waterville, Maine, within a mixed/commercial zoning area. It is adjacent to Aroma Joes and provides easy access to JFK Plaza, where retail anchors including Hannaford and Tractor Supply are located.
The offering may be suitable for automotive-oriented uses or retail concepts, subject to City of Waterville approval.
Key Highlights
- Family‑owned used car dealership property for over 50 years in Waterville
- Includes two in‑town lots with ample parking
- Road access on Kennedy Memorial Drive and Sawyer Street
Local Financial Insights For 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 | $26.1k | $14.40 |
| − Vacancy | −$1.1k | −$0.60 |
| EGI | $25.0k | $13.80 |
| − OpEx | −$7.5k | −$4.14 |
| NOI | $17.5k | $9.66 |
1,812 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.23M
$1.95M – $2.60M
NOI $155,839 @ 7.0% cap · market cap 41.56%
Second Best
Retail
$250.0K
$218.7K – $291.6K
NOI $17,498 @ 7.0% cap · market cap 4.67%
Theoretical Best
Warehouse
$2.70M
$2.37M – $3.15M
NOI $189,233 @ 7.0% cap · market cap 50.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pelletier's Auto Sales
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Prompto 10 Minute Oil Change — 118 Kennedy Memorial Dr, Waterville, ME 04901
- Tire Warehouse — 156 Rideout St, Waterville, ME 04901
- Valvoline Instant Oil Change — 84 kennedy memorial dr, waterville, me 04901
- Modern Classics LLC — 68 Yeaton St, Waterville, ME 04901
- Carroll's Car Care — 105 Kennedy Memorial Dr, Waterville, ME 04901
FAQs
What type of property is this?
Auto shop - Previously used car dealership property with two in-town lots and road access on Kennedy Memorial Drive and Sawyer Street.
Where is this auto shop located?
The property is located at 100 Kennedy Memorial Drive Waterville, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Family‑owned used car dealership property for over 50 years in Waterville; Includes two in‑town lots with ample parking; Road access on Kennedy Memorial Drive and Sawyer Street
