Downtown Mixed-Use
252 Water Street Gardiner, ME 04345
252 Water Street, Gardiner, ME, 04345
$1,200,000
For Sale
$1,200,000
Mixed-use building with a first-floor restaurant, office suites, and Airbnb/apartment unit, plus unfinished third-floor space.
Property Size11,520 SF
Price / SF$104.17
Days on Market485
Property Features for 252 Water Street
General Information
- Standard status
- Active
- Size
- 11,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1875
Listing agency
Better Homes & Gardens Real Estate/The Masiello Group
(207) 441-8186
Listed by
Karen Ramsay-Boucher
(207) 441-8186
Source
Startpoint
Added: Mar 24, 2025 Updated: Jul 21 at 1:36AM Checked: Jul 21 at 1:36AM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
This downtown mixed-use building is currently configured with a popular first-floor restaurant, along with office suites and artistic studio spaces. Additional operating space includes a unique Airbnb or apartment unit, and there is unfinished space on the third floor. The property also offers the possibility of an office space co-op or additional apartments on the second floor, supporting flexible redevelopment or continued mixed-use operations.
Improvements include major renovations completed in the 1990s, with replacement of LVL beams and new eye beams, upgraded wiring and plumbing, a new furnace, central air, and interior improvements. In more recent years, the first-floor restaurant dining area and commercial-grade kitchen were expanded in 2020, office space was remodeled in 2023, and a full apartment for Airbnb rental was added in 2024, featuring a bar-style kitchen.
The building is set in Gardiner’s historic downtown commercial district and is located just off I-95, providing quick access to Brunswick, Portland, and Bangor. It comes with 6 reserved parking spaces. Downtown Gardiner features local shops and restaurants, and the Kennebec River waterfront includes a scenic amphitheater and boat launch.
Improvements include major renovations completed in the 1990s, with replacement of LVL beams and new eye beams, upgraded wiring and plumbing, a new furnace, central air, and interior improvements. In more recent years, the first-floor restaurant dining area and commercial-grade kitchen were expanded in 2020, office space was remodeled in 2023, and a full apartment for Airbnb rental was added in 2024, featuring a bar-style kitchen.
The building is set in Gardiner’s historic downtown commercial district and is located just off I-95, providing quick access to Brunswick, Portland, and Bangor. It comes with 6 reserved parking spaces. Downtown Gardiner features local shops and restaurants, and the Kennebec River waterfront includes a scenic amphitheater and boat launch.
Key Highlights
- 11,520 +/- SF mixed‑use building in Gardiner’s historic downtown commercial district
- First floor includes a restaurant with a commercial‑grade kitchen and dining area (expanded in 2020)
- Includes office suites with a 2023 office space remodel
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a first-floor restaurant, office suites, and Airbnb/apartment unit, plus unfinished third-floor space.
Where is this mixed-use property located?
The property is located at 252 Water Street Gardiner, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 11,520 +/- SF mixed‑use building in Gardiner’s historic downtown commercial district; First floor includes a restaurant with a commercial‑grade kitchen and dining area (expanded in 2020); Includes office suites with a 2023 office space remodel
