$ 175,000
-
$175,000
Price -
0
Bed -
0
Bath -
13,793
SqFt
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About the Listing 2599 - 019939
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
1655268
Year Built
1920
Total Square Footage
13,793
Lot/Acreage
0.24
County
Kennebec
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Storage
- Water: Public
Exterior Details
- Lot Description: Near Turnpike/Interstate,Downtown,Business District
- Garage Capacity: N/A
- Zoning: CC
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved
Financial Details
- Tax Amount: $7,262
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
45 Water St Waterville, ME 04901
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