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59 Main St Waterville, ME 04901

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Renovated mixed-use property with retail and short-term rental income.

Property size:
3,396 SF
Lot size:
0.03 Acres

Property Features for 59 Main St

General Information

Standard status
Active
Zoning
CA
Size
3,396 SF
Lot size
0.03 Acres

Building Details

Year built
1900

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Listing Contact
Matthew Boulerice
Source: Crexi

Listing Agency: New England Realty Group LLC Listing Agent: Matthew Boulerice

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Turnkey Mixed-Use Investment Opportunity

This mixed-use property, featuring retail and multifamily spaces, underwent major renovations in 2020, presenting a turnkey investment opportunity with no significant deferred maintenance expected for years. The property offers a retail space on Main Street with excellent visibility. The fully furnished second and third-floor apartments have been successfully operated as short-term rentals, demonstrating strong demand, a proven track record, and future bookings extending into 2027. The apartments are considered a guest favorite on Airbnb, with seventeen 5-star reviews. The property is ideally situated across from the Opera House and minutes from Colby College and Thomas College, appealing to visitors, college parents, and downtown guests. Located in the heart of Waterville's expanding downtown, this property represents a strong mixed-use investment opportunity with multiple income streams. The property size is 3396 square feet.
Location Intelligence

Current Use by Public Records

Ex Machina Supplements ... (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waterville
County
Kennebec
State
Maine
Longitude
-69.6296057
Latitude
44.5493578

FAQs

What type of property is this?
Mixed-use property - Renovated mixed-use property with retail and short-term rental income.
Where is this mixed-use property located?
The property is located at 59 Main St Waterville, ME.
What are key features of this property?
This property features: - Turnkey investment property with major renovations completed in 2020.; - Retail space on Main Street with excellent visibility.; - Fully furnished apartments on the second and third floors.
More about this property
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