155 - 165 Main St Waterville, ME 04901
Three-story mixed-use site with two adjacent buildings and a rear parking lot, positioned near Colby College expansion.
Property Features for 155 - 165 Main St
General Information
- Standard status
- Active
- Size
- 53,500 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1870
Listing office The Dunham Group (207) 773-7100
Listing date Jun 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of The Dunham Group
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Waterville, the property sits next to two newly constructed Colby College buildings on Main Street. The combination of downtown positioning and direct proximity to a major institutional expansion is intended to support strong visibility and convenient access for future redevelopment.
For buyers and developers, the asset’s mixed-use redevelopment framework and on-site parking provide a practical foundation for reconfiguration, whether maintaining portions of the existing improvements or pursuing full redevelopment. The property also qualifies for significant tax credits and grant programs, which may help inform project planning and financing. Overall, it offers a workable platform for a range of investment and development strategies where downtown infill, building flexibility, and existing parking are key considerations.
Key Highlights
- 53,500± SF, three‑story redevelopment opportunity in downtown Waterville
- Includes two adjacent buildings plus a rear parking lot
- 39,599 SF parking lot on‑site
