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Mixed-Use Building with Industrial Kitchen
For Sale
$298,900

140 Western Avenue, Waterville, ME 04901

Commercial and residential approval supports a bakery operation with an attached apartment and substantial storage.

Property Size6,620 SF
Price / SF$45.15
Days on Market1078

Property Features for 140 Western Avenue

General Information

Standard status Active
Size 6,620 SF
Property subtype Commercial
Zoning RB

Additional Details

Highway Access Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $1,220

Building Details

Building Size 6,620 SF
Year Built 1972
Buildings 1
Listing Agency: Century 21 Nason Realty
Listed By: Dawn Gilman
Source: Startpoint
Added: Aug 30, 2023 Changed: Aug 8 Last Checked: Aug 10 at 12:01PM

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 Century 21 Nason Realty

Investment Insights

Based on property information with market context.

This mixed-use property combines commercial and residential functionality within a 6,620+/- sq ft building that includes an attached 1,800+/- sq ft apartment. The commercial component is configured for bakery use and features a large industrial kitchen with stainless steel appliances, a butcher block island, and extensive storage. The property was built in 1972 and carries RB zoning.

The building is positioned on Western Avenue in Waterville, close to Colby, I-95, and nearby restaurants. Its approved commercial/residential use provides a defined framework for the existing bakery-oriented configuration and attached living space.

Key Highlights

  • 6,620+/- sq ft mixed‑use building with an attached 1,800+/- sq ft apartment
  • Approved for commercial/residential use
  • Large industrial kitchen with stainless steel appliances

Property Analytics

Current Use

Commercial kitchens

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Accounting Firm Electrical Service Locksmith Parking Lot & Garage

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

176
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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial and residential approval supports a bakery operation with an attached apartment and substantial storage.
Where is this mixed-use property located?
The property is located at 140 Western Avenue Waterville, ME.
What is the asking price?
The asking price for this property is $298,900.
What are key features of this property?
This property features: 6,620+/- sq ft mixed‑use building with an attached 1,800+/- sq ft apartment; Approved for commercial/residential use; Large industrial kitchen with stainless steel appliances
More about this property
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