Downtown Mixed-Use Income
45 Water Street Waterville, ME 04901
For Sale
$175,000
Mixed-use building with ground-floor commercial space and two attached apartments, plus two additional floors with multiple rooms and two bathrooms per level.
Property Size13,793 SF
Price / SF$12.69
Days on Market128
Property Features for 45 Water Street
General Information
Standard status
Active
Size
13,793 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Two Rivers Realty, LLC
(207) 469-9930
Listed By:
Kyle McGeechan
(207) 469-9930
Source:
Startpoint
Added: Mar 24
Changed: Jul 28
Last Checked: Jul 28 at 9:15AM
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 Two Rivers Realty, LLC
Investment Insights
Based on property information with market context.
45 Water Street is a downtown mixed-use property totaling approximately 13,793± square feet. The ground-level commercial area features a large open layout that could support reactivation as a bar/restaurant or event venue, or be adapted for other commercial uses. The attached building includes two existing apartments.
The upper portion of the property consists of two additional floors with multiple rooms and two bathrooms per level, providing space for continued unit creation or other housing and lodging-oriented conversions, subject to applicable requirements. The asset is positioned in the heart of downtown Waterville.
This property requires extensive repairs and updating, and is best suited for an investor, developer, or experienced operator prepared to renovate and reposition the building to match its intended use.
The upper portion of the property consists of two additional floors with multiple rooms and two bathrooms per level, providing space for continued unit creation or other housing and lodging-oriented conversions, subject to applicable requirements. The asset is positioned in the heart of downtown Waterville.
This property requires extensive repairs and updating, and is best suited for an investor, developer, or experienced operator prepared to renovate and reposition the building to match its intended use.
Key Highlights
- 13,793± SF downtown Waterville mixed‑use building with ground‑floor commercial space and attached apartments
- Ground‑level commercial area features a large open layout with potential for bar/restaurant, event venue, retail, office, or multi‑tenant use
- Includes two existing apartments in the attached building for immediate rental income potential
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with ground-floor commercial space and two attached apartments, plus two additional floors with multiple rooms and two bathrooms per level.
Where is this mixed-use property located?
The property is located at 45 Water Street Waterville, ME.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 13,793± SF downtown Waterville mixed‑use building with ground‑floor commercial space and attached apartments; Ground‑level commercial area features a large open layout with potential for bar/restaurant, event venue, retail, office, or multi‑tenant use; Includes two existing apartments in the attached building for immediate rental income potential
