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Renovated Medical Office Condo
New
For Sale
$130,000

325 Kennedy Memorial Drive, Waterville, ME 04901

COMMERCIAL - Waterville, ME

Property Size903 SF
Lot Size0.23 Acres
Price / SF$143.96
Days on Market3

Property Features for 325 Kennedy Memorial Drive

General Information

Property type Commercial Sale
Property subtype Office
Zoning CD
Lot features Near Turnpike/ Interstate, Near Airport, Business District, Near Shopping
Standard status Active
Size 903 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1273
HOA Fee $500 Monthly

Utilities

Sewer type Public Sewer
Heating system Oil, Electric (Heating), Forced Air, Space Heater
Water source Public

Building Details

Year built 1969
Flooring type Vinyl, Tile, Carpet
Building materials Brick
Roof type Membrane, Flat
Listing Agency: Portside Real Estate Group
Listed By: Holly Lawrence
Added: Aug 7 Last Checked: Aug 9 at 5:06PM
MLS# 1675324

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 903-square-foot medical office condo occupies a functional unit within a larger professional building. The recently renovated interior includes a waiting area, reception area, four private suites, and one bathroom. Vinyl, tile, and carpet flooring support a practical healthcare setting, while brick construction and a flat membrane roof are part of the building’s existing improvements. The unit is currently used as a medical spa, and condominium use is restricted to medical purposes.

Located on Kennedy Memorial Drive in Waterville, the property offers exposure along a high-traffic corridor and access to I-95. Public water and public sewer serve the property. Built in 1969, the unit provides an established medical-office configuration for an owner seeking a dedicated practice, treatment, or healthcare-related workspace.

Key Highlights

  • 903‑square‑foot medical office condo
  • Four private suites with waiting and reception areas
  • Recently renovated interior with vinyl, tile, and carpet flooring

Property Analytics

Current Use

Richard Raskin Physician Price-Wharff Helen MD Physician Samantha Nadeau Physician Erika Hall Physician Dr. Hugh D. ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
Well-served
Demand for This Use

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Recently improved space in a professional building with dedicated reception and private treatment areas.
Where is this medical office space located?
The property is located at 325 Kennedy Memorial Drive Waterville, ME.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 903‑square‑foot medical office condo; Four private suites with waiting and reception areas; Recently renovated interior with vinyl, tile, and carpet flooring
More about this property
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