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Listed price in listed location currency (USD).
$175,000

000

MLS® 1655268

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $7,262
Lot Size 
Approx. Age 1920
MLS® Number 1655268

Property Address: 45 Water Street, Waterville, ME, 04901

Average square foot calculated using Size range provided by listing agent.

Description

Positioned in the heart of downtown Waterville, 45 Water Street presents a compelling value-add investment opportunity with multiple income streams and significant upside potential. This 13, 793± sq ft mixed-use asset was formerly operated as a bar and entertainment venue and is primed for repositioning or redevelopment. The ground-level commercial space offers a large open layout ideal for reactivation as a bar/restaurant, event venue, or conversion to retail, office, or multi-tenant commercial use. Its downtown location benefits from steady foot traffic and proximity to Waterville's ongoing revitalization. The property includes two existing apartments in the attached building, providing immediate income potential. Above the commercial space are two additional floors featuring multiple rooms and two bathrooms per level, offering a clear path to additional unit creation, short-term rental conversion, workforce housing, or boutique lodging. The property does require extensive repairs and updating, making it best suited for investors, developers, or experienced operators ready to execute a renovation or full repositioning strategy.
MLS® Number1655268
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementFull, Unfinished
Driveway5 - 10 Spaces, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Mar 25, 2026List Date
$175,000List Price
  • Commute

Commute

Starting Address
Destination Address
45 Water Street, Waterville, ME

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