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Property profile & analytics
OFF-MARKET
Commercial real estate

235 River Rd Waterville, ME 04901

57.68 ac lot
Property ID
US42-0066989
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Lot 57.68 ac (2,512,541 SF)
APN 022/110 & 120
UPID US42-0066989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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