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

120 Drummond Avenue, Waterville, ME 04901

Commercial Sale, Waterville, ME

Property Size2,908 SF
Lot Size1.92 Acres
Price / SF$111.76
Days on Market94

Property Features for 120 Drummond Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning IND
Lot features Other Location
Standard status Active
Size 2,908 SF
Lot size 1.92 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Hot Water(Heating), Space Heater, Baseboard, Propane (Heating), Oil, Electric (Heating)
Cooling system Heat Pump
Water source Well

Amenities

spacious outdoor canopy

Building Details

Year built 1976
Flooring type Concrete, Carpet, Vinyl
Building materials Metal Clad
Roof type Metal
Listing Agency: Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
Listed By: Donald Plourde
Added: Jun 11 Changed: Sep 5 Last Checked: Sep 12 at 9:06AM
MLS# 1646806

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property includes 2,908 square feet of interior space arranged among three private office or mixed-use suites. A covered outdoor canopy expands the usable area for gatherings and events. The building dates to 1976 and has metal-clad construction with a metal roof, concrete, carpet, and vinyl flooring.

The 1.92-acre property is located in Waterville, Maine, and is zoned IND. Building systems include heat-pump cooling, multiple heating sources, a private well, and public sewer. The layout and outdoor covered space support office, community, event, and other special-use applications.

Key Highlights

  • 2,908‑square‑foot mixed‑use property on 1.92 acres
  • Three private office or mixed‑use suites
  • Covered outdoor canopy for gatherings and events

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Private office and mixed-use suites complement a covered outdoor area for gatherings and events.
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: 2,908‑square‑foot mixed‑use property on 1.92 acres; Three private office or mixed‑use suites; Covered outdoor canopy for gatherings and events
More about this property
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