Renovated Live-Work
For Sale
$364,900
36 Silver Street, Waterville, ME 04901
Commercial Sale, Waterville, ME
Property Size2,439 SF
Lot Size0.36 Acres
Price / SF$149.61
Days on Market49
Property Features for 36 Silver Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CA
Rooms
Basement
Interior features
Storage
Basement
Unfinished, Full
Lot features
Near Turnpike/ Interstate, Downtown, Near Shopping
Standard status
Active
Size
2,439 SF
Lot size
0.36 Acres
Additional Details
Property Use
Office
Condition
Newly Renovated
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1930
Number of units
2
Flooring type
Linoleum, Wood, Carpet
Building materials
Wood Frame, Block, Concrete
Roof type
Shingle
Additional Structures
Storage
Buildings
1
Listing Agency:
Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
(207) 872-7650
Listed By:
Robbin Eusebio
(207) 632-3922
Added: Sep 15
Changed: Oct 28
Last Checked: Nov 2 at 5:06AM
MLS# 1680610
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.
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Investment Insights
Based on property information with market context.
This 2,439-square-foot live-work property spans two and a half floors and contains 13 rooms, one full bathroom, two half-baths, laundry, and a full kitchen. Renovations include sheetrock walls, while original molding remains. The layout offers six or more potential office areas; the second floor can accommodate a three-bedroom apartment or additional rental space. The property is offered as the front building and its associated land, with a deed specific to that portion. Sale or lease options are stated.
The 0.36-acre property is within walking distance of Main Street and downtown Waterville, and a short drive from Colby College and major corridors. Zoning is CA. The building and lot have been surveyed, and on-site parking is available.
The 0.36-acre property is within walking distance of Main Street and downtown Waterville, and a short drive from Colby College and major corridors. Zoning is CA. The building and lot have been surveyed, and on-site parking is available.
Key Highlights
- 2,439‑square‑foot building on a 0.36‑acre lot
- 13 rooms across two and a half floors
- Six or more potential office areas; second floor can be used as a 3‑bedroom apartment
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
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
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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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - The multi-level interior combines potential office areas with a full kitchen, laundry, and residential space.
Where is this live-work space 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 building on a 0.36‑acre lot; 13 rooms across two and a half floors; Six or more potential office areas; second floor can be used as a 3‑bedroom apartment
