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    235 River Rd Waterville, ME 04901

    For Sale
    $395,000

    57+ Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 57.68-acre parcel presents a remarkable opportunity for residential development in Waterville, Maine. Located at 235 W River Rd, with APN 022/110 & 120, this property boasts a highly desirable location directly across from Thomas College and adjacent to LaFleur Airport. Its convenient access to major thoroughfares like Kennedy Memorial Drive and I-95, along with proximity to Northern Light Inland Hospital and Colby College, ensures strong appeal to potential residents. The land is zoned RB, permitting residential construction. The asking price for this expansive tract is $395,000. This represents a significant investment opportunity given the property's size, location, and development potential within a thriving community. The property is owned by CTD, LLC. Its strategic position offers easy access to a range of amenities and services, making it an ideal location for a variety of residential projects. The substantial acreage provides ample space for a diverse range of housing options, catering to a broad spectrum of potential buyers. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a large, well-situated parcel in a growing Maine community.

    Property Features for 235 River Rd

    General Information

    Property type
    Land
    Lot Size
    2,512,541 SF

    HighLights

    • 57.68‑acre residential development site in Waterville, ME.
    • Located at 235 W River Rd (APN 022/110 & 120), across from Thomas College, near LaFleur Airport.
    • Excellent access to I‑95 and Kennedy Memorial Drive; close to Northern Light Inland Hospital and Colby College.
    • RB zoning allows residential construction; $395,000 asking price.
    • Owned by CTD, LLC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Auto Parts Store Daycare Center Convenience Store Smoke and Vape Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.67261
    Latitude
    44.52509

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    FAQs

    What type of property is this?
    Land - 57+ Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 235 River Rd Waterville, ME.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 57.68-acre residential development site in Waterville, ME.; Located at 235 W River Rd (APN 022/110 & 120), across from Thomas College, near LaFleur Airport.; Excellent access to I-95 and Kennedy Memorial Drive; close to Northern Light Inland Hospital and Colby College.
    Request Owner's contact information
    235 River Rd 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
    235 River Rd Waterville, ME 04901
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