Professionally Landscaped Office
129 Silver Street Waterville, ME 04901
New
For Sale
$525,000
COMMERCIAL - Waterville, ME
Property Size2,928 SF
Lot Size0.53 Acres
Price / SF$179.30
Days on Market1
Property Features for 129 Silver Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- CZD
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,928 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6443
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Heat Pump (Heating), Electric (Heating), Hot Water(Heating), Oil
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1939
- Flooring type
- Hardwood, Laminate
- Building materials
- Masonry, Brick
- Roof type
- Fiberglass, Shingle
Listing Agency:
Coldwell Banker Plourde Real Estate
(207) 872-7650
Listed By:
Donald Plourde
(207) 861-2462
Added: Jul 24
Last Checked: Jul 24 at 2:06PM
MLS# 1673371
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 professionally maintained and landscaped office building at 129 Silver Street in Waterville, Maine is currently operating as a financial services office. The property presents a flexible layout and is described as offering the opportunity to convert back to a residence. Outside, the grounds are highlighted for their curb appeal and meticulous upkeep.
The building sits on a 0.53-acre lot and totals 2,928 square feet, with zoning listed as CZD.
For prospective tenants and buyers, the existing office use may appeal to professional services operators, while the stated conversion opportunity may be of interest to those looking to repurpose the structure.
The building sits on a 0.53-acre lot and totals 2,928 square feet, with zoning listed as CZD.
For prospective tenants and buyers, the existing office use may appeal to professional services operators, while the stated conversion opportunity may be of interest to those looking to repurpose the structure.
Key Highlights
- Built in 1939 with masonry brick construction
- Currently used as a financial services office with potential to convert back to a residence
- Public utilities: public water and public sewer
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $21.60 |
| − Vacancy | −$8.1k | −$2.75 |
| EGI | $55.2k | $18.85 |
| − OpEx | −$13.8k | −$4.71 |
| NOI | $41.4k | $14.14 |
2,928 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$591.3K
$517.4K – $689.9K
NOI $41,391 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.37M
$3.82M – $5.10M
NOI $305,780 @ 7.0% cap · market cap 58.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Golden Pond Wealth ...
Financial Advisor
Languet III Albert
Law Firm
FAQs
What type of property is this?
Office building - Well-maintained office building currently used for financial services, with professional landscaping in an in-town setting.
Where is this office building located?
The property is located at 129 Silver Street Waterville, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Built in 1939 with masonry brick construction; Currently used as a financial services office with potential to convert back to a residence; Public utilities: public water and public sewer
