Mixed-Use Property with
For Sale
$175,000
45 Water St, Waterville, ME 04901
Includes ground-floor commercial space and two existing apartments.
Property Size13,793 SF
Price / SF$12.69
Days on Market27
Property Features for 45 Water St
General Information
Standard status
Active
Size
13,793 SF
Property Condition
Severity
Major Repairs Needed
Evidence
extensive repairs and updating
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Two Rivers Realty, LLC
(207) 469-9930
Listed By:
Kyle McGeechan
Source:
603luxury
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 29 at 12:02PM
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.
Constructed in 1920, 45 Water Street contains 13,793± square feet of mixed-use space in downtown Waterville. The ground level features a broad open commercial area that was previously used for bar and entertainment operations. Two apartments are located in the attached building, while the two upper floors contain multiple rooms and two bathrooms on each level.
The layout supports several repositioning paths identified for the property, including renewed bar or restaurant use, an event venue, retail, office, multi-tenant commercial space, additional residential units, short-term rentals, workforce housing, or boutique lodging. Extensive repairs and updating are required, making the building a redevelopment-oriented asset with both commercial and residential components.
The layout supports several repositioning paths identified for the property, including renewed bar or restaurant use, an event venue, retail, office, multi-tenant commercial space, additional residential units, short-term rentals, workforce housing, or boutique lodging. Extensive repairs and updating are required, making the building a redevelopment-oriented asset with both commercial and residential components.
Key Highlights
- 13,793± sq ft mixed‑use property at 45 Water St, Waterville, ME 04901
- Built in 1920 with ground‑level commercial space
- Two existing apartments in the attached building
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 43%
Apparel 8%
Electronics 1%
Dollar Tree
Shops & Services
17,237 visits/mo
0.4 miles
McDonald's
Dining
15,511 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
10,954 visits/mo
0.5 miles
Dunkin' Donuts
Dining
10,288 visits/mo
0.3 miles
Aroma Joe's
Dining
9,981 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes ground-floor commercial space and two existing apartments.
Where is this mixed-use property located?
The property is located at 45 Water St 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± sq ft mixed‑use property at 45 Water St, Waterville, ME 04901; Built in 1920 with ground‑level commercial space; Two existing apartments in the attached building
