30 Chase Ave, Waterville, ME

Listing agent Christopher Paszyc, CCIM, SIOR Show Phone

Listing office The Boulos Company Show Phone

Listing date Oct 21, 2025

Source Moodyscre

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Overview

The Seton Project in Waterville, Maine, presents a redevelopment opportunity. The property, formerly a hospital campus, has approvals for developing a 56 to 68-unit multifamily community, along with approximately 35,000 square feet of commercial space. Since 2013, environmental remediation and soft costs have seen hundreds of thousands of dollars invested, leaving the site cleared and ready for advancement. A comprehensive due diligence package includes construction drawings, market studies, feasibility reports, prior tax credit approvals, and environmental clearances. Utilities are in place, along with paved roadways, and acres of impervious surface. Additional acreage supports potential single-family or multifamily expansion. The flexible SMU zoning allows for multifamily, industrial, or commercial uses, providing developers the option to pursue the approved mixed-use plan or adapt to market demand. Seller-provided financing may be available to qualified buyers. The property size is 119,771 square feet.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Waterville

County

Kennebec

State

Maine

Longitude

-69.6544

Latitude

44.5517

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FAQs

What type of property is this?

Apartment building - Redevelopment project with approvals for mixed-use development.

Where is this apartment building located?

The property is located at 30 Chase Ave Waterville, ME.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Shovel‑ready redevelopment opportunity with existing approvals for a **56‑68 unit multifamily community and 35,000± sq ft of commercial space.**; Significant predevelopment cost savings due to completed environmental remediation, comprehensive due diligence package, and existing utilities/infrastructure.; Flexible SMU zoning allows for multifamily, industrial, or commercial uses, providing adaptability to market demands.