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    32 College Ave, Waterville, ME 04901 Waterville, ME 04901

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Office Space Available in Waterville, ME

    Lot size:
    1 SF

    Description

    Added:
    Jan 21, 2025
    Days on Market:
    350
    College Place, located at 32 College Ave, Waterville, ME 04901, presents a unique opportunity to lease office space in a beautifully redeveloped historic building. This three-story brick building, originally constructed in 1904 as Foss Hall, a women's dormitory for Colby College, boasts over 23,000 square feet of rentable space. Subsequently serving as Sacred Heart, a private Catholic school, the property underwent extensive renovations in the mid-to-late 1980s and early 1990s, transforming it into 19 professional office condominiums/suites. The building offers a blend of historical charm and modern functionality. Recent improvements include updated windows and a repaved rear parking lot. One available suite features a spacious waiting area, a reception/business area, and four to five individual offices. While previously used by a medical professional, this versatile space is suitable for various office uses. The annual lease rate is $10.50 per square foot. The property is situated in Waterville, ME, zip code 04901. This is an exceptional opportunity to secure office space in a landmark building with a rich history and modern amenities. Inquire today for more details and availability.

    Property Features for 32 College Ave, Waterville, ME 04901

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Total Parking Spaces
    67
    Elevators
    N/A
    Total Rate
    0.88

    HighLights

    • Historic 23,000+ sq ft building in Waterville, ME, offering 19 office condos.
    • Recently renovated with updated windows and repaved rear parking lot.
    • Flexible space, previously used as medical offices, ideal for various professional uses.
    Location Intelligence

    Current Use by Public Records

    Mathes William A DC Chiropractor The Northern Lighthouse, Inc. Mental Health Clinic Waldron Rosalind R ... Family Practice Physician Staples Richard J ... Psychologist Alternative Services-Tty Line Mental Health Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    State
    Maine
    Longitude
    -71.367451
    Latitude
    42.916309

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    FAQs

    What type of property is this?
    Medical office - Prime Office Space Available in Waterville, ME
    Where is this medical office located?
    The property is located at 32 College Ave, Waterville, ME 04901 Waterville, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Historic 23,000+ sq ft building in Waterville, ME, offering 19 office condos.; Recently renovated with updated windows and repaved rear parking lot.; Flexible space, previously used as medical offices, ideal for various professional uses.
    (603) 845-2500
    Request Owner's contact information
    32 College Ave, Waterville, ME 04901 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

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    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
    32 College Ave, Waterville, ME 04901 Waterville, ME 04901
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