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Mixed-Use Property with Outdoor Canopy
New
For Sale
$310,000

120 Drummond Ave, Waterville, ME 04901

Three office and mixed-use suites provide a multi-suite layout alongside covered outdoor space.

Property Size2,908 SF
Lot Size1.92 Acres
Price / SF$106.60
Days on Market6

Property Features for 120 Drummond Ave

General Information

Standard status Active
Size 2,908 SF
Lot size 1.92 Acres

Additional Details

Office Units 3

Building Details

Year Built 1976
Listing Agency: Coldwell Banker Plourde Real Estate
Listed By: Donald Plourde, Jamie Plourde
Source: Aroostookrealestate
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 6 at 12:51AM

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.

This 2,908-square-foot mixed-use property sits on 1.92 acres and contains three private office or mixed-use suites. An outdoor canopy is also part of the property. The building was constructed in 1976 and previously housed the American Legion Hall.

The property is located at 120 Drummond Ave in Waterville, Maine.

Key Highlights

  • 1.92‑acre property with a 2,908‑square‑foot building
  • Three private office or mixed‑use suites
  • Outdoor canopy on the property

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 office and mixed-use suites provide a multi-suite layout alongside covered outdoor space.
Where is this mixed-use property located?
The property is located at 120 Drummond Ave Waterville, ME.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1.92‑acre property with a 2,908‑square‑foot building; Three private office or mixed‑use suites; Outdoor canopy on the property
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