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Mixed-Use Property with Event Canopy
For Sale
$325,000

120 Drummond Avenue, Waterville, ME 04901

Three private suites and a covered outdoor gathering area support office, community, and special-use functions.

Property Size2,908 SF
Lot Size1.92 Acres
Price / SF$111.76
Days on Market286

Property Features for 120 Drummond Avenue

General Information

Standard status Active
Size 2,908 SF
Lot size 1.92 Acres
Property subtype Commercial
Lease Term []

Additional Details

Office Units 3

Amenities

spacious outdoor canopy

Building Details

Year Built 1976
Listing Agency: Coldwell Banker Plourde Real Estate
Listed By: Don Plourde
Source: Cbplourde
Added: Nov 18, 2025 Changed: Aug 29 Last Checked: Aug 30 at 6:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Plourde Real Estate

Investment Insights

Based on property information with market context.

Set on 1.92 acres, this 2,908-square-foot mixed-use property includes three private office or mixed-use suites and a substantial outdoor canopy. The building dates to 1976 and includes heat pump, space heater, hot water, and baseboard heating, with vinyl, concrete, and carpet finishes. Metal and metal-clad exterior materials are complemented by a concrete perimeter and slab foundation.

The property is located at 120 Drummond Avenue in Waterville, Maine, and is zoned IND. Previously associated with the American Legion Hall, the site offers a combination of enclosed workspace and covered outdoor area for gatherings, events, community activities, or other special-use purposes.

Key Highlights

  • 1.92‑acre mixed‑use property in Waterville, Maine
  • 2,908‑square‑foot building with three private office or mixed‑use suites
  • Spacious outdoor canopy for gatherings and events

Property Analytics

Current Use

Allied Health Advantage Orthotics & Prosthetics Service Matrix minerals (Bike/Boat/Book/etc) Store MATS WATERVILLE Social Service Agency

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Electrical Service Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Office units

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

Demographics for 04901, ME

26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three private suites and a covered outdoor gathering area support office, community, and special-use functions.
Where is this mixed-use property located?
The property is located at 120 Drummond Avenue Waterville, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1.92‑acre mixed‑use property in Waterville, Maine; 2,908‑square‑foot building with three private office or mixed‑use suites; Spacious outdoor canopy for gatherings and events
More about this property
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