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Three-Story Office Building
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244 KENNEDY MEMORIAL DR UNIT 201-204, Waterville, ME 04901

Well-maintained office condominium property with elevator service, ADA access, and shared parking.

Property Size2,005 SF
Price / SF$137.16
Days on Market8

Property Features for 244 KENNEDY MEMORIAL DR UNIT 201-204

General Information

Standard status Active
Size 2,005 SF
Class B
Total Parking Spaces 85
Elevators Yes
Property subtype Office
Zoning CC
Lease Type NNN

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 6

Amenities

ADA accessibility

Building Details

Year Built 1988
Buildings 1
Stories 3
Units 6
Construction brick
Tenancy Multi
Listing Agency: Magnusson Balfour Commercial
Listed By: Dennis Wheelock · License #ME BR921652
Source: Crexi
Added: Aug 24 Changed: Aug 29 Last Checked: Aug 29 at 7:19PM

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 Magnusson Balfour Commercial

Investment Insights

Based on property information with market context.

This three-story office property, built in 1988, is arranged as six condominium units with two offices on each floor. Each unit includes two restrooms, while the building provides a common elevator, ADA accessibility, brick exterior siding, and a large shared parking area. Individual condominium units may be purchased or leased, or the complete property may be acquired.

The property fronts Kennedy Memorial Drive in Waterville, with access to the Maine Turnpike in less than five minutes. Waterville Regional Airport and area amenities are also conveniently accessible. The CC zoning designation and professional office configuration support a range of office-based uses, subject to applicable regulations.

Key Highlights

  • Six office condominium units arranged across three floors
  • Two restrooms provided within each unit
  • Common elevator and ADA accessibility

Property Analytics

Current Use

Heart First Cardiology Medical Clinic Northern Light Cardiovascular ... Medical Clinic Heart First Diagnostics Medical Clinic Dr. Syed I. ... Physician Ardelle Hollrock Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Parking Lot & Garage 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

6
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

531
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 building - Well-maintained office condominium property with elevator service, ADA access, and shared parking.
Where is this office building located?
The property is located at 244 KENNEDY MEMORIAL DR UNIT 201-204 Waterville, ME.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Six office condominium units arranged across three floors; Two restrooms provided within each unit; Common elevator and ADA accessibility
(207) 242-5588 Call to check price and availability
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