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Property profile & analytics
FOR SALE
Retail properties & Spaces

259 Main St Waterville, ME 04901

4,611 SF 0.35 ac lot Built 1920
Entity Owned Free & Clear
Property ID
US42-0180753
259 Main St, Waterville, ME 04901 For Sale
$350,000 4,611 SF
259 Main St, Waterville, ME 04901
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Property summary
AI-generated overview

This exceptional 4,830 square foot single-story commercial building is situated on a 0.35-acre lot in the heart of Waterville, Maine. Ideally suited for a variety of retail or flex uses, this property boasts significant advantages for any discerning business owner. The building features 480 amp, 3-phase power, ensuring ample capacity for diverse operational needs. A recently installed (2020) rubber roof provides long-term durability and peace of mind, while a convenient overhead door at the rear facilitates efficient loading and unloading of goods. Ample parking is provided by a 25+ space paved lot, complemented by additional outdoor storage space. High ceilings within the warehouse area offer versatile storage and operational flexibility. The property is being sold vacant, allowing for immediate customization to suit specific business requirements. A Level 1 Environmental Site Assessment is available for review by prospective buyers. Finally, its location within the Commercial - A (C-A) zone of Waterville allows for a wide range of commercial and even residential uses, presenting significant long-term development potential. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving downtown location. The asking price is $349,000.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,611 SF
Lot 0.35 ac (15,211 SF)
APN WAVL M:052 B:307
UPID US42-0180753
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
  • Grondin's Certified Cleaners (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
by Request
Owner & transaction history
AJMA INC
AJMA INC
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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