235 River Rd Waterville, ME 04901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.