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    155-165 Main St Waterville, ME 04901

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    For Sale
    $1,750,000

    53,500 SF redevelopment opportunity in revitalizing downtown Waterville.

    Property size:
    53,500 SF
    Lot size:
    0.42 Acres

    Property Features for 155-165 Main St

    General Information

    Size
    53,500 SF
    Lot size
    0.42 Acres

    Source: The Dunham Group Agent Charles Craig

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

    Overview

    Downtown Waterville Redevelopment Opportunity

    This offering presents a 53,500 square foot, three-story redevelopment opportunity situated in downtown Waterville. The property comprises two adjacent buildings along with a rear parking lot. Located next to two newly constructed Colby College buildings on Main Street, the site benefits from high visibility and accessibility within a rapidly revitalizing area. The site includes a 39,599 square foot parking lot. The property qualifies for significant tax credits and grant programs, enhancing its development potential. The existing structures may be repurposed or demolished to accommodate new construction, making this an opportunity for various investment and development strategies.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6303431
    Latitude
    44.5511903

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    FAQs

    What type of property is this?
    Office building - 53,500 SF redevelopment opportunity in revitalizing downtown Waterville.
    Where is this office building located?
    The property is located at 155-165 Main St Waterville, ME.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Prime downtown Waterville location next to two new Colby College buildings.; - Substantial 53,500± SF redevelopment opportunity.; - Includes a large 39,599 square foot parking lot.
    (207) 415-1415
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    155-165 Main St 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
    155-165 Main St Waterville, ME 04901
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