Downtown Waterville Mixed-Use
45 Water Street, Waterville, ME 04901
New
COMMERCIAL - Waterville, ME
Property size:
13,793 SFLot size:
0.24 AcresPrice / SF:
$12/SF- Added:
- May 19, 2026
- Days on Market:
- 1
- Last Refresh:
- May 19 at 10:06 pm
Property Features for 45 Water Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CC
- Rooms
- Basement
- Interior features
- Storage
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 13,793 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7262
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Hardwood, Wood, Carpet
- Building materials
- Wood Frame, Clapboard, Vinyl Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agent Kyle McGeechan (207) 469-9930
Listing office Two Rivers Realty, LLC 169 U.S. Route 1, Bucksport, ME (207) 469-9930
Listing date May 19, 2026
MLS# 1655268
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.
HighLights
- Prime downtown Waterville location with high foot traffic.
- Significant value‑add investment opportunity with multiple income streams.
- Large, open ground‑level commercial space suitable for various uses.
- Potential for additional unit creation on upper floors.
- Includes two existing apartments providing immediate income.
- Mixed‑use asset with 13,793± sq ft of space.
Overview
Located in downtown Waterville, the property at 45 Water Street presents a value-add investment opportunity with multiple income streams and upside potential. The mixed-use asset, with a size of 13,793 square feet, was formerly operated as a bar and entertainment venue and is suited for repositioning or redevelopment. The ground-level commercial space offers a large open layout ideal for reactivation as a bar/restaurant, event venue, or conversion to retail, office, or multi-tenant commercial use. Its downtown location benefits from foot traffic and proximity to Waterville's ongoing revitalization. The property includes two existing apartments in the attached building, providing immediate income potential. Above the commercial space are two additional floors featuring multiple rooms and two bathrooms per level, offering a path to additional unit creation, short-term rental conversion, workforce housing, or boutique lodging. The property, situated on a lot of 0.24 acres, requires extensive repairs and updating, making it suited for investors, developers, or experienced operators ready to execute a renovation or full repositioning strategy. The property is zoned CC.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chez Paree
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Waterville
- County
- Kennebec
- State
- Maine
- Longitude
- -69.6328249
- Latitude
- 44.5449468
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Value-add investment with multiple income streams and significant upside.
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: Prime downtown Waterville location with high foot traffic.; Significant value‑add investment opportunity with multiple income streams.; Large, open ground‑level commercial space suitable for various uses.
