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    20 Concourse Waterville, ME 04901

    For Lease
    $9 SF/Yr ($19,189 /Mo)

    Prime Downtown Waterville Retail, Ample Parking

    Lot size:
    25,586 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents 25,586 square feet of single-tenant space available for lease at 20 Concourse West in Waterville, Maine. Located in Kennebec County, this property boasts a highly visible location in the heart of downtown Waterville, offering excellent access and ample on-site parking. The space is zoned CA - Commercial-A, providing flexibility for a variety of retail uses. Currently entirely vacant, this property presents a unique chance to establish a significant retail presence in a thriving area. The building's strategic location places it in close proximity to Colby College, further enhancing its appeal to a diverse customer base. Existing nearby businesses include Goodwill and The Dollar Tree, indicating a strong retail environment. The property's size, ranging from 9,950 to 25,586 square feet, offers considerable adaptability to suit various retail concepts and expansion needs. This is an unparalleled opportunity to secure a prominent retail space in a vibrant and growing Maine community. The property's address is 20 Concourse West, Waterville, ME 04901.

    Property Features for 20 Concourse

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,586 SF
    Total Rate
    19189.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    25,586 SF
    Rate per SF
    $9

    HighLights

    • 25,586 SF single‑tenant retail space available for lease at 20 Concourse West, Waterville, ME.
    • Highly visible downtown Waterville location with ample on‑site parking.
    • CA (Commercial‑A) zoning allows for flexible retail uses.
    • Located near Colby College, Goodwill, and Dollar Tree.
    • Space size adaptable from 9,950 SF to 25,586 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6321232
    Latitude
    44.5499089

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Waterville Retail, Ample Parking
    Where is this retail property located?
    The property is located at 20 Concourse Waterville, ME.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 25,586 SF single-tenant retail space available for lease at 20 Concourse West, Waterville, ME.; Highly visible downtown Waterville location with ample on-site parking.; CA (Commercial-A) zoning allows for flexible retail uses.
    Request Owner's contact information
    20 Concourse 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
    20 Concourse Waterville, ME 04901
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