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Three-Theater Building with Lobby
For Sale
$425,000

17 Railroad Square, Waterville, ME 04901

Former cinema property with concession facilities, a substantial lobby, and a prior restaurant operation.

Property Size7,985 SF
Price / SF$53.22
Days on Market1312

Property Features for 17 Railroad Square

General Information

Standard status Active
Size 7,985 SF
Property subtype Commercial
Zoning CA

Taxes and HOA fees

Annual Taxes $7,554

Building Details

Building Size 7,985 SF
Year Built 1995
Buildings 1
Stories 1
Listing Agency: Coldwell Banker Plourde Real Estate
Listed By: Dana Michaud
Source: Startpoint
Added: Jan 18, 2023 Changed: Aug 14 Last Checked: Aug 22 at 12:37PM

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.

Located at 17 Railroad Square in Waterville, this 7985+/- square foot commercial building was constructed in 1995 and is zoned CA. The interior includes 3 movie theaters, a concession area, and a large lobby, creating a layout closely associated with entertainment use while retaining a broader commercial configuration.

The property also previously housed a local restaurant for many years. Reuse concepts identified for the building include a brewery, commercial kitchen, church, school, or warehouse. It is close to the Interstate and situated near Burger King, Dunkin Donuts, and other established businesses. Parking expansion may be possible through an agreement with the abutting landowner.

Key Highlights

  • 7985+/- square foot building constructed in 1995
  • 3 movie theaters with concession area and large lobby
  • Previously housed a local restaurant for many years

Property Analytics

Current Use

The Playhouse at Waterville Station Theater & Performing Art Venue Cardtronics ATM Atm

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility HVAC Service Parking Lot & Garage Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

884
Businesses Nearby
76k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 32% Apparel 9% Home Improvements & Furnishings 1%
Dollar Tree Shops & Services
17,237 visits/mo 0.4 miles
Burger King Dining
15,546 visits/mo 0.1 miles
Mobil Shops & Services
10,194 visits/mo 0.1 miles
Dunkin' Donuts Dining
8,626 visits/mo 0.1 miles
Goodwill Apparel
7,194 visits/mo 0.5 miles

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?
Theater & concert hall - Former cinema property with concession facilities, a substantial lobby, and a prior restaurant operation.
Where is this theater & concert hall located?
The property is located at 17 Railroad Square Waterville, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 7985+/- square foot building constructed in 1995; 3 movie theaters with concession area and large lobby; Previously housed a local restaurant for many years
More about this property
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