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Mixed-Use Property with Apartments

166 Silver Street, Waterville, ME 04901

For Sale
New
$325,000

Commercial Sale, Waterville, ME

Property Size4,664 SF
Lot Size0.23 Acres
Price / SF$69.68
Days on Market1

Property Features for 166 Silver Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning T
Rooms Basement
Basement Full
Lot features Near Shopping
Standard status Active
Size 4,664 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4884

Utilities

Sewer type Public Sewer
Heating system Oil, Hot Water(Heating), Baseboard
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

private deck

Building Details

Year built 1920
Flooring type Carpet, Vinyl, Laminate
Building materials Wood Frame, Vinyl Siding
Roof type Metal
Listing Agency: Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
Listed By: Donald Plourde
Added: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 1621846

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property contains 4,664 square feet across a professional-use area and two upstairs apartments. The former optometry office has a flexible floor plan, with recent updates noted throughout. A private deck serves the apartment level, and on-site parking is available.

Built in 1920, the building has wood-frame construction with vinyl siding, a metal roof, and carpet, vinyl, and laminate flooring. Heating is oil-fired hot water with baseboard distribution; cooling is provided by window or wall/window units. Public water and sewer serve the property, which sits on a 0.23-acre lot in Waterville.

Key Highlights

  • 4,664‑square‑foot mixed‑use property with two upstairs apartments
  • Professional‑use area with a flexible floor plan and recent updates
  • Private deck serving the apartment level

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Poulin & Associates Eye ... Physician Ian Jones Physician Kiran Jones Physician Kiran Byrapaneni Jones Physician Newport Eye Care Physician

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

301
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME

$124 Jul
$133 Aug
$133 Sep
$132 Oct

Properties on Market for Mixed-use properties in Kennebec County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A professional-use space occupies the main portion, with two apartments above and on-site parking.
Where is this mixed-use property located?
The property is located at 166 Silver Street Waterville, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 4,664‑square‑foot mixed‑use property with two upstairs apartments; Professional‑use area with a flexible floor plan and recent updates; Private deck serving the apartment level
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