Mixed-Use Bar and Restaurant
For Sale
$175,000
45 Water Street, Waterville, ME 04901
Commercial Sale, Waterville, ME
Property Size13,793 SF
Lot Size0.24 Acres
Price / SF$12.69
Days on Market96
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
Lot features
Near Turnpike/ Interstate, Downtown, Business District
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
Hot Water(Heating), Oil, Baseboard
Water source
Public
Building Details
Year built
1920
Flooring type
Wood, Hardwood, Carpet
Building materials
Wood Frame, Clapboard, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Two Rivers Realty, LLC
(207) 469-9930
Listed By:
Kyle McGeechan
(207) 469-9930
Added: May 19
Changed: Aug 19
Last Checked: Aug 22 at 9:06AM
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.
Investment Insights
Based on property information with market context.
45 Water Street in Waterville, Maine is a 13,793± SF mixed-use building positioned in the heart of downtown. The ground level is designed for a large open commercial layout and was formerly operated as a bar and entertainment venue, with space that can be reactivated as a bar/restaurant, event venue, or converted to retail, office, or multi-tenant commercial use. The attached building also includes two existing apartments, creating immediate income potential.
Above the commercial space are two additional floors with multiple rooms and two bathrooms per level, providing a path for additional unit creation, short-term rental conversion, workforce housing, or boutique lodging. The property requires extensive repairs and updating, and is best suited for an investor, developer, or experienced operator prepared to renovate or pursue full repositioning.
The property sits on a 0.24-acre lot and was built in 1920. Construction materials include wood frame with clapboard and vinyl siding. Heating is oil-fired hot water with baseboard. Public water and public sewer services are available, and the roof is shingle.
Above the commercial space are two additional floors with multiple rooms and two bathrooms per level, providing a path for additional unit creation, short-term rental conversion, workforce housing, or boutique lodging. The property requires extensive repairs and updating, and is best suited for an investor, developer, or experienced operator prepared to renovate or pursue full repositioning.
The property sits on a 0.24-acre lot and was built in 1920. Construction materials include wood frame with clapboard and vinyl siding. Heating is oil-fired hot water with baseboard. Public water and public sewer services are available, and the roof is shingle.
Key Highlights
- 13,793± SF mixed‑use building with ground‑floor commercial space and apartments
- Ground level open layout was formerly operated as a bar and entertainment venue
- Two existing apartment units in the attached building
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Chez Paree — 45 Water St, Waterville, ME 04901
- The Proper Pig — 14 Common St, Waterville, ME 04901
- You Know Whose Pub — 55 Concourse W, Waterville, ME 04901
- 18 below — 18 Silver St, Waterville, ME 04901
- Lion's Den Tavern — 74 Main St, Waterville, ME 04901
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown mixed-use building with ground-floor commercial space and two apartment units above, zoned CC.
Where is this bar & pub 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 mixed‑use building with ground‑floor commercial space and apartments; Ground level open layout was formerly operated as a bar and entertainment venue; Two existing apartment units in the attached building
