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Property profile & analytics
FOR SALE
Super regional malls

251 Kennedy Memorial Dr Waterville, ME 04901

90,966 SF 26.7 ac lot Built 1989
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US42-0256577
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 90,966 SF
Lot 26.7 ac (1,163,052 SF)
APN WAVL M:041 B:102
UPID US42-0256577
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
Current use
Occupant on record · Public records
  • Shaw's Bakery Specialty Food Shop
  • Citizens ATM Atm
  • FedEx OnSite Postal Service Courier Service
  • Shaw's Pharmacy Pharmacy
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.40M
Owner & transaction history
B33 Waterville 2 LLC · 5 yrs held
B33 Waterville 2 LLC
since 2021
3 recorded transactions
2021
Price N/A
2017
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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