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    200 Kennedy Memorial Dr Waterville, ME 04901

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    For Sale
    $2,700,000

    Former hospital for redevelopment in central Maine.

    Property size:
    113,056 SF
    Lot size:
    30.32 Acres

    Property Features for 200 Kennedy Memorial Dr

    General Information

    Size
    113,056 SF
    Lot size
    30.32 Acres

    Source: The Dunham Group Agent T.C. Haffenreffer

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

    Overview

    Waterville Redevelopment Opportunity

    The former Inland Hospital in Waterville, Maine, offers a redevelopment opportunity. The property, a substantial existing facility on a large parcel, is being sold vacant. Located at a signalized intersection with visibility and access, the site features infrastructure, multiple curb cuts, and on-site parking. The campus includes three smaller medical office buildings that can be parceled out and sold or leased. Its scale and location make it suitable for redevelopment concepts, including medical, educational, residential, senior living, or mixed-use applications. The property provides a platform for developers and investors seeking to capitalize on value creation through adaptive reuse or ground-up redevelopment. The property has a size of 113056 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Inland Hospital: Emergency ... Emergency Room Diabetes Wellness Services Doctor Spectrum Medical Group Medical Clinic Guilmette Deborah C Nurse Practitioner Dr. Jason Stoner Emergency Care Physician

    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
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6614241
    Latitude
    44.5419669

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    FAQs

    What type of property is this?
    Hospital - Former hospital for redevelopment in central Maine.
    Where is this hospital located?
    The property is located at 200 Kennedy Memorial Dr Waterville, ME.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Substantial existing facility on a large, well-located parcel offered at an aggressively priced.; - Excellent visibility and access at a signalized intersection.; - Suitable for a wide range of potential redevelopment concepts (medical, educational, residential, senior living, or mixed-use).
    (912) 223-0800
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    200 Kennedy Memorial Dr 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
    200 Kennedy Memorial Dr Waterville, ME 04901
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