6 Main Pl Waterville, ME 04901
- Showrooms
- 24,331 SF
- 1.20 lot acres
Current Use by Public Records
- Showrooms
Property Details for 6 Main Pl
- Year built
- 1928
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.20 lot acres
- Property size
- 24,331 SF
- Property type
- Showrooms
- APN
- WAVL M:052 B:393
- APU
- WAVLM052B393
Description
This exceptional 37,118 square foot retail property located at 6 Main Place in Waterville, Maine, presents a prime redevelopment opportunity. Built in 1928, the building sits on a 1.17-acre lot and is zoned Commercial A (CA). Currently configured as retail space, a preliminary architectural survey suggests the feasibility of converting the property into approximately 40 residential units. This conversion would be ideally suited for projects seeking Low Income Housing Tax Credits. Furthermore, the property is eligible for historic tax credits, with an eligibility letter available upon request. The property's central location offers convenient access to numerous downtown amenities and is approximately one mile from Interstate 95, Exit 130, ensuring excellent visibility and accessibility. The asking price for this unique investment opportunity is $800,000. This presents a rare chance to acquire a substantial property in a desirable location with significant potential for substantial returns. The property's historic character combined with its prime location and redevelopment potential makes it an attractive proposition for investors seeking a high-impact project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterville
- County
- Kennebec
- State
- Maine
- Longitude
- -69.6309
- Latitude
- 44.5561
- CBSA code
- 12300
- CBSA name
- AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
