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    251 Kennedy Memorial Dr Waterville, ME 04901

    Sponsored
    For Sale
    Contact for pricing

    10-Acre Site, Prime Waterville Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10-acre commercial development site presents a unique investment opportunity in Waterville, Maine. Located at 251 Kennedy Memorial Drive, this property (APN: Map 41, Lot 102) is zoned CD/RA, allowing for a variety of commercial and retail uses. Its strategic location within the Shaw’s Plaza provides unparalleled visibility and accessibility, less than one mile from I-95 Exit 127. The site benefits from its proximity to a thriving retail environment, including established businesses such as Shaw’s Supermarket, Planet Fitness, Flagship Cinemas, Curtain Shop of Maine, Sun Tan City, 90's Nails and Spa, and Applebee's. This high-traffic area ensures significant potential for attracting customers and maximizing return on investment. The property's size and zoning offer flexibility for various development projects, catering to a wide range of commercial needs. The ownership is held by B33 Waterville II, LLC. This prime location and the potential for substantial development make this a truly compelling opportunity for investors seeking a high-impact commercial venture in a rapidly growing Maine market. Serious inquiries are encouraged to explore the possibilities of this exceptional property. Further details regarding pricing are available upon request.

    Property Features for 251 Kennedy Memorial Dr

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial development site in Waterville, ME, at 251 Kennedy Memorial Drive (APN: Map 41, Lot 102).
    • CD/RA zoning allows for diverse commercial and retail uses.
    • High‑visibility location in Shaw's Plaza, <1 mile from I‑95 Exit 127, near major retailers.
    • High‑traffic area with strong potential for ROI.
    • Flexible development options for various commercial needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shaw's Bakery Citizens ATM Atm FedEx OnSite Mailing Service Shaw's Pharmacy Pharmacy Redbox Movie Rental Kiosk

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6655094
    Latitude
    44.544046

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    FAQs

    What type of property is this?
    Land - 10-Acre Site, Prime Waterville Location
    Where is this land located?
    The property is located at 251 Kennedy Memorial Dr Waterville, ME.
    What are key features of this property?
    This property features: 10-acre commercial development site in Waterville, ME, at 251 Kennedy Memorial Drive (APN: Map 41, Lot 102).; CD/RA zoning allows for diverse commercial and retail uses.; High-visibility location in Shaw's Plaza, <1 mile from I-95 Exit 127, near major retailers.
    (207) 553-1721
    Request Owner's contact information
    251 Kennedy Memorial Dr Waterville, ME 04901
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    Waterville, ME 04901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251 Kennedy Memorial Dr Waterville, ME 04901
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