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Redevelopment Opportunity in Waterville, Maine
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Pending

6 Main Pl, Waterville, ME 04901

Commercial land suitable for redevelopment with historic tax credit eligibility.

Property Size37,118 SF
Days on Market169

Property Features for 6 Main Pl

General Information

Standard status Pending
Size 37,118 SF
Property subtype Multifamily
Listing Agency: F.O. Bailey Real Estate
Listed By: Thomas Gadbois · License #ME BA918504
Source: Crexi
Added: Mar 26 Changed: Sep 8 Last Checked: Sep 9 at 6:32AM

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 F.O. Bailey Real Estate

Investment Insights

Based on property information with market context.

This commercial land parcel, encompassing 37118 square feet, presents a redevelopment opportunity. Located in Waterville, Maine, the property is eligible for historic tax credits. A preliminary architectural survey suggests the feasibility of constructing 40 residential units on the site. The property is particularly well-suited for Low Income Housing Tax Credits. An eligibility letter regarding Historic Tax Credits is available upon request.

Key Highlights

  • Redevelopment opportunity eligible for historic tax credits.
  • Preliminary architectural survey indicates feasibility for 40 residential units.
  • Perfect for Low Income Housing Tax Credits.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility HVAC Service Parking Lot & Garage Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

884
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land suitable for redevelopment with historic tax credit eligibility.
Where is this commercial land located?
The property is located at 6 Main Pl Waterville, ME.
What are key features of this property?
This property features: Redevelopment opportunity eligible for historic tax credits.; Preliminary architectural survey indicates feasibility for **40 residential units**.; Perfect for Low Income Housing Tax Credits.
More about this property
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