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    6 Main Pl Waterville, ME 04901

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    6 Main Pl Waterville, ME 04901


    • Showrooms
    • 24,331 SF
    • 1.20 lot acres
    Redevelopment Opportunity in Waterville, Maine For Sale
    $725,000
    37,118 SF

    Redevelopment Opportunity in Waterville, Maine

    Commercial land suitable for redevelopment with historic tax credit eligibility.

    6 Main Pl, Waterville, ME 4901
    View Listing
    Property ID
    US42-0893387
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,089,000
      Market price range: $1.09M - $3.01M
      AI Estimate
      $1,147,000
      Market price range: $1.15M - $3.66M

    Get a detailed, property-specific estimation — fast and free


    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,212
    $72,100
    $89,300
    $161,400
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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