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Renovated Office Building with Four Suites
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168 College Avenue, Waterville, ME 04901

Renovated property with four office spaces plus kitchen, full bath, and enclosed porch for flexible business or home use.

Property Size3,510 SF
Price / SF$71.23
Days on Market71

Property Features for 168 College Avenue

General Information

Standard status Active
Size 3,510 SF
Property subtype Special Purpose
Zoning Commercial or residential use

Additional Details

Office Units 4

Building Details

Year Renovated 1
Listing Agency: Coldwell Banker Plourde Real Estate
Listed By: Judy Williams · License #ME
Source: Crexi
Added: Jun 18 Changed: Aug 14 Last Checked: Aug 26 at 8:55AM

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 Coldwell Banker Plourde Real Estate

Investment Insights

Based on property information with market context.

This nicely renovated building is configured as four office spaces, with a kitchen, a full bath, and an enclosed porch. The layout supports a multi-room office setup for a single operator or a business that needs separate work areas.

The property is located on College Avenue and sits across from a Dairy Queen, providing straightforward, easily described neighborhood access for clients and everyday business traffic. Zoning allows for commercial or residential use, giving buyers flexibility in how the space can be occupied.

The offering is a practical fit for an owner-operator seeking dedicated office rooms in a renovated, turnkey configuration. It may also appeal to buyers looking for a live/work-style option where zoning permits either commercial activity or residential use within the same building. With the kitchen and full bath already in place, it can accommodate day-to-day operations without requiring major interior rework.

Key Highlights

  • Renovated property with 4 office spaces, kitchen, full bath, and enclosed porch
  • Zoning allows commercial or residential use
  • Located on College Avenue across from Dairy Queen

Property Analytics

Current Use

Maine Energy Pros, ... General Contractor

Suggested Use

Top Pick Real Estate Agency Electrical Service Bakery Pharmacy Garden Center Kitchen & Bath Showroom

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

4
Office units

Location Intelligence

Trade Area within ½ mile

157
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 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
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Frequently Asked Questions

What type of property is this?
Office units - Renovated property with four office spaces plus kitchen, full bath, and enclosed porch for flexible business or home use.
Where is this office units located?
The property is located at 168 College Avenue Waterville, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Renovated property with 4 office spaces, kitchen, full bath, and enclosed porch; Zoning allows commercial or residential use; Located on College Avenue across from Dairy Queen
More about this property
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