251 Kennedy Memorial DrWaterville, ME 04901

Property Details for 251 Kennedy Memorial Dr

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

26.70 AC

Property size (Sq ft)

90,966 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

WAVL M:041 B:102

APU

WAVLM041B102

Description

This exceptional opportunity presents two vacant pad sites for sale or ground lease at Shaw's Plaza, located at 251 Kennedy Memorial Drive in Waterville, Maine (04901). The property, identified by APN Map 41, Lot 102, is zoned CDRA - Shopping Mall MDL-94 within Kennebec County. These single-tenant sites offer unparalleled visibility and accessibility, situated within a thriving retail center anchored by established businesses including Shaw's Supermarket, Planet Fitness, Flagship Cinemas, Curtain Shop of Maine, Sun Tan City, 90's Nails and Spa, and Applebee's. The plaza boasts ample on-site parking, ensuring convenient access for customers. The location benefits from excellent visibility and easy access from Interstate 95 via Exit 127, providing significant exposure to a large customer base. This is an ideal location for businesses seeking high traffic and a strong retail environment. The total land area is 1 square foot, with further details available upon request. Interested parties should inquire for pricing and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $22,107,914

  6.5%

  $20,407,304

  7%

  $18,949,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,951,756

  Geo Method

  $29,951,756

• Alternative Use

  Use

  Valuation

  Residential

  $17,214,326

  Hospitality

  $15,768,229

  Educational

  $13,118,982

  Medical

  $13,570,164

  Retail

  $20,407,304

Location Insight

City

Waterville

County

Kennebec

State

Maine

Latitude

44.5456

Longitude

-69.6648

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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