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Three-Story Office Condominium Building
New
For Sale
$275,000

244 Kennedy Memorial Drive, Waterville, ME 04901

Commercial Sale, Waterville, ME

Property Size1,836 SF
Lot Size1.52 Acres
Price / SF$149.78
Days on Market1

Property Features for 244 Kennedy Memorial Drive

General Information

Property type Commercial Sale
Property subtype Office
Zoning CC
Rooms Basement
Basement Full, Finished
Accessibility Accessible Approach with Ramp
Lot features Near Turnpike/ Interstate, Near Airport, Near Shopping, Office Park
Standard status Active
Size 1,836 SF
Lot size 1.52 Acres

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Oil
Cooling system Central Air
Water source Public

Amenities

ADA accessibility

Building Details

Year built 1988
Number of units 6
Flooring type Laminate
Building materials Brick
Roof type Shingle
Listing Agency: Keller Williams Realty
Listed By: Dennis Wheelock · License #BR921652
Added: Aug 24 Last Checked: Aug 24 at 6:06PM
MLS# 1677540

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.

Investment Insights

Based on property information with market context.

This three-story office condominium property contains six units, arranged with two offices per floor. Each unit includes two restrooms, while a common elevator serves the building. Brick exterior construction, laminate flooring, central air, hot-water heating, and a shingle roof are among the existing improvements. The property was built in 1988 and includes a basement.

The 1.52-acre site is positioned on Kennedy Memorial Drive in Waterville, with public water and public sewer. An accessible approach with ramp supports building entry, and a shared parking lot serves the office condominium complex. The property is less than five minutes from the Maine Turnpike and provides access to Waterville Regional Airport. Individual condominium units may be acquired or leased, or the complete property may be purchased. Zoning is CC.

Key Highlights

  • Six office condominium units across a three‑story building
  • 1.52‑acre site with shared parking lot
  • 1,836 square feet of property size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Brick office property with elevator service, accessible entry, shared parking, and flexible individual-unit or full-building acquisition options.
Where is this office building located?
The property is located at 244 Kennedy Memorial Drive 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 across a three‑story building; 1.52‑acre site with shared parking lot; 1,836 square feet of property size
More about this property
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