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Property profile & analytics
OFF-MARKET Estimated value $540,000
Office buildings

44-46 Elm St Waterville, ME 04901

10,287 SF 0.52 ac lot Built 1910
Entity Owned 12-yr Hold Free & Clear
Property ID
US42-0229521
Property summary
AI-generated overview

This exceptional commercial property, located at 44-46 Elm Street in Waterville, Maine, presents a unique investment opportunity. Priced at $599,900, this 10,287 square foot building sits on a 0.52-acre lot and offers ample space for a variety of commercial uses. Previously occupied by the Marden Dubord Law Office, the building boasts substantial office and conference room space, ideal for a growing business or a company seeking to relocate to a central Waterville location. The property's convenient location provides easy access to Kennedy Memorial Drive and Silver Street, ensuring excellent visibility and accessibility for clients and employees. With its generous square footage and ample parking, this property is well-suited for businesses requiring significant space and convenient parking for staff and visitors. The building's history as a successful law office speaks to its suitability for professional office use, but its adaptable layout could accommodate a range of commercial ventures. This is a rare opportunity to acquire a substantial commercial property in a desirable Waterville location. The property is situated in Kennebec County, Maine, with a zip code of 04901. The address is 44-46 Elm Street. The property consists of one unit. This is a prime opportunity for investors seeking a strong return on investment in a thriving Maine community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Construction FRAME
Total area 10,287 SF
Lot 0.52 ac (22,651 SF)
APN WAVL M:044 B:128
UPID US42-0229521
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$535k
Blend (final) Blend
$540k
Owner & transaction history
11 Water Street INC · 12 yrs held
11 Water Street INC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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