Three-Story Mixed-Use
For Sale
Contact for pricing
165 Main Street, Waterville, ME 04901
Three-story mixed-use site with two adjacent buildings and a rear parking lot, positioned near Colby College expansion.
Property Size53,500 SF
Price / SF$32.71
Days on Market81
Property Features for 165 Main Street
General Information
Standard status
Active
Size
53,500 SF
Property subtype
Mixed Use, Office, Retail, Land
Zoning
CA - Commercial A
Investment Type
Redevelopment
Building Details
Year Built
1870
Year Renovated
1981
Buildings
2
Stories
3
Listing Agency:
The Dunham Group
(207) 773-7100
Listed By:
Charles Craig · License #ME 206397
Source:
Crexi
Added: Jun 4
Changed: Aug 22
Last Checked: Aug 22 at 5:00PM
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 The Dunham Group
Investment Insights
Based on property information with market context.
This offering presents a three-story redevelopment opportunity totaling approximately 53,500± SF, featuring two adjacent buildings and a rear parking lot. The site includes a 39,599 SF parking lot and is being marketed with flexibility to repurpose the existing structures or demolish them to accommodate new construction.
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.
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use site with two adjacent buildings and a rear parking lot, positioned near Colby College expansion.
Where is this mixed-use property located?
The property is located at 165 Main Street Waterville, ME.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 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
