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Multi-Building Shopping Center
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405-418 Water St, Gardiner, ME 04345

A multi-building property offers existing tenants and additional parcels designated for overflow parking.

Property SizeContact for details
Days on Market144

Property Features for 405-418 Water St

General Information

Standard status Active
Property subtype Retail

Building Details

Buildings 3
Tenancy Multi
Listing Agency: Magnusson Balfour Commercial
Listed By: Dennis Wheelock · License #ME BR921652
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:17PM

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 Magnusson Balfour Commercial

Investment Insights

Based on property information with market context.

The property comprises three buildings with a combination of occupied commercial space and additional land used for overflow parking. Existing occupants include Family Dollar, Encompass Energy, Solomon Casket, and Lifetouch at 405 Water Street, while the 408-418 Water Street buildings are occupied by US Cellular, Sugar Bud Farm, The Bench, and Canton Restaurant.

The portfolio is positioned along Routes 201/9 in downtown Gardiner, with nearby downtown amenities. The Maine Turnpike and I-295 are each less than five minutes away, providing convenient regional highway access. The property address spans 405-418 Water St, Gardiner, ME 04345.

Key Highlights

  • Three buildings with tenants in place
  • Multiple vacant parcels provide overflow parking
  • Directly located on Routes 201/9

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Gym & Fitness Center Grocery & Convenience Store Furniture & Home Goods

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby
109k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 38% Groceries 28% Shops & Services 25% Apparel 8%
Hannaford Groceries
30,211 visits/mo 0.2 miles
McDonald's Dining
23,680 visits/mo 0.2 miles
Cumberland Farms Shops & Services
18,504 visits/mo 0.2 miles
Reny's Apparel
8,902 visits/mo 0.3 miles
SUBWAY Dining
8,710 visits/mo 0.2 miles

Demographics for 04345, ME

12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - A multi-building property offers existing tenants and additional parcels designated for overflow parking.
Where is this shopping center located?
The property is located at 405-418 Water St Gardiner, ME.
What are key features of this property?
This property features: Three buildings with tenants in place; Multiple vacant parcels provide overflow parking; Directly located on Routes 201/9
(207) 242-5588 Call to check price and availability
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