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    30 Chase Ave Waterville, ME 04901

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    For Sale
    $1,500,000

    Redevelopment project with approvals for mixed-use development.

    Property size:
    119,771 SF
    Lot size:
    26.00 Acres

    Property Features for 30 Chase Ave

    General Information

    Size
    119,771 SF
    Lot size
    26.00 Acres

    Source: The Boulos Company Agent Christopher Paszyc, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterville Redevelopment Opportunity

    The Seton Project in Waterville, Maine, presents a redevelopment opportunity. The property, formerly a hospital campus, has approvals for developing a 56 to 68-unit multifamily community, along with approximately 35,000 square feet of commercial space. Since 2013, environmental remediation and soft costs have seen hundreds of thousands of dollars invested, leaving the site cleared and ready for advancement. A comprehensive due diligence package includes construction drawings, market studies, feasibility reports, prior tax credit approvals, and environmental clearances. Utilities are in place, along with paved roadways, and acres of impervious surface. Additional acreage supports potential single-family or multifamily expansion. The flexible SMU zoning allows for multifamily, industrial, or commercial uses, providing developers the option to pursue the approved mixed-use plan or adapt to market demand. Seller-provided financing may be available to qualified buyers. The property size is 119,771 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matuzas William MD Doctor Gene Giunti Sports Medicine Physician Mittelman Jonathan S ... Doctor ATM Atm Aljanaby Mohammad S ... Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6543647
    Latitude
    44.5517394

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    FAQs

    What type of property is this?
    Apartment building - Redevelopment project with approvals for mixed-use development.
    Where is this apartment building located?
    The property is located at 30 Chase Ave Waterville, ME.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Shovel-ready redevelopment opportunity with existing approvals for a **56-68 unit multifamily community and 35,000± sq ft of commercial space.**; - Significant predevelopment cost savings due to completed environmental remediation, comprehensive due diligence package, and existing utilities/infrastructure.; - Flexible SMU zoning allows for multifamily, industrial, or commercial uses, providing adaptability to market demands.
    (207) 939-4147
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    30 Chase Ave Waterville, ME 04901
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    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    30 Chase Ave Waterville, ME 04901
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