Mixed-Use Office
36 Silver Street, Waterville, ME 04901
For Sale
$364,900
Two-and-a-half floors provide office areas alongside kitchen, laundry, and potential residential living space.
Property Size2,439 SF
Price / SF$149.61
Days on Market64
Property Features for 36 Silver Street
General Information
Standard status
Size
Property subtype
Lease Term
Amenities
kitchen and laundry facilities
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Plourde Real Estate
Listed By:
Robbin Eusebio
(207) 632-3922
Source:
Cbplourde
Added: Sep 4
Changed: Nov 6
Last Checked: Nov 6 at 10:35AM
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
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Investment Insights
Based on property information with market context.
This 2,439-square-foot mixed-use building, constructed in 1930, is arranged across two-and-a-half floors. The first two levels include approximately 6 designated office spaces, kitchen and laundry facilities, and 2 ½ baths. The second floor can also accommodate a 2-3-bedroom living arrangement, creating flexibility for commercial, residential, or combined occupancy.
The property is located at 36 Silver Street in Waterville, within walking distance of Main Street and downtown. Colby College and major corridors are minutes away, while nearby services, dining, and cultural destinations are accessible from the site. The building and lot have been surveyed, and the sale will convey the front building and its land under a deed specific to that property.
The property is located at 36 Silver Street in Waterville, within walking distance of Main Street and downtown. Colby College and major corridors are minutes away, while nearby services, dining, and cultural destinations are accessible from the site. The building and lot have been surveyed, and the sale will convey the front building and its land under a deed specific to that property.
Key Highlights
- 2,439‑square‑foot mixed‑use building constructed in 1930
- Two‑and‑a‑half floors configured for professional office use
- Approximately 6 designated office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,161
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,220
$503.2K
Cap Rate 7%
$359,443
$359.4K
Cap Rate 9%
$279,567
$279.6K
Market Conditions
NOI Build-Up for 2,439 SF
Gross rent
$43.9K $18.00/SF
− Vacancy
−$3.6K −$1.49/SF
EGI
$40.3K $16.51/SF
− OpEx
−$15.1K −$6.19/SF
NOI
$25.2K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,220
Cap Rate 7%
$359,443
Cap Rate 9%
$279,567
Alternative Uses
Best Use
Office B
$492.5K
$431.0K – $574.6K
NOI $34,478 @ 7.0% cap · market cap 9.45%
Second Best
Mixed Use
$359.4K
$314.5K – $419.4K
NOI $25,161 @ 7.0% cap · market cap 6.90%
Theoretical Best
Warehouse
$3.64M
$3.18M – $4.25M
NOI $254,713 @ 7.0% cap · market cap 69.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
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
$188,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME
Properties on Market for Mixed-use properties in Kennebec County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-and-a-half floors provide office areas alongside kitchen, laundry, and potential residential living space.
Where is this mixed-use property located?
The property is located at 36 Silver Street Waterville, ME.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: 2,439‑square‑foot mixed‑use building constructed in 1930; Two‑and‑a‑half floors configured for professional office use; Approximately 6 designated office spaces
