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Mixed-Use Property with Storefronts

9 WATER ST, Waterville, ME 04901

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Two street-level business spaces are paired with three apartments above, including a three-bedroom unit and an owner’s unit.

Property Size13,036 SF
Lot Size0.70 Acres
Price / SF$32.60
Days on Market16

Property Features for 9 WATER ST

General Information

Standard status Active
Size 13,036 SF
Lot size 0.70 Acres
Property subtype Retail
Zoning CC

Site & Location

Utilities to Site Yes
Mixed-Use Components retail, residential, warehouse

Units

Unit Mix 1 x 3-bedroom, 1 x 1-bedroom, 1 x owner's unit
Multifamily Units 3

Additional Details

Tenant in Place Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: KW Commercial Greater Portland
Listed By: Kevin Fletcher · License ME BA903663
Source: Crexi
Added: Oct 26 Changed: Nov 8 Last Checked: Nov 10 at 6:38AM

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 KW Commercial Greater Portland

Rey
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Investment Insights

Based on property information with market context.

This 13,036-square-foot mixed-use property combines two ground-floor storefronts with three apartments on the upper level. The residential mix includes a three-bedroom apartment, a one-bedroom apartment and an owner’s unit. At the rear, an attached 1,488-square-foot garage and shop has finished utility areas. The parcel covers 0.70 acres and has public utilities; the property is in Waterville’s CC zone.

A roof replacement was completed in 2023. Heating and cooling include oil-fired hot-water baseboard, heat pumps and supplemental gas heat.

Key Highlights

  • 13,036‑square‑foot mixed‑use property on 0.70 acres in Waterville’s CC zone
  • Two ground‑floor commercial storefronts and three upper‑level apartments
  • Apartment mix includes a 3‑bedroom unit, a 1‑bedroom unit and an owner’s unit

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store

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

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

855
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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Market

Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME

$124 Jul
$133 Aug
$133 Sep
$132 Oct

Properties on Market for Mixed-use properties in Kennebec County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two street-level business spaces are paired with three apartments above, including a three-bedroom unit and an owner’s unit.
Where is this mixed-use property located?
The property is located at 9 WATER ST Waterville, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 13,036‑square‑foot mixed‑use property on 0.70 acres in Waterville’s CC zone; Two ground‑floor commercial storefronts and three upper‑level apartments; Apartment mix includes a 3‑bedroom unit, a 1‑bedroom unit and an owner’s unit
(207) 754-9311 Call to check price and availability
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