Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom commercial at 45 Water Street in Waterville, ME is listed for $175,000 ($13 per sqft). Built in 1920, the home offers 13,793 sqft of living space on a 0.24 acres lot.
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. Don't miss your chance to own a landmark property in Central Maine!
Key Features
- Built in 1920
- 0.24 acre lot
Property Details
Amenities
Monthly Cost Estimate
$936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
45 Water Street
Waterville, ME 04901
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 45 Water Street is listed at $175,000 ($13/sqft). The estimated monthly payment is $758 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.24 acre lot. Interior Features: Storage.
This property is listed by Kyle McGeechan and can be reached at 2074699930 or tworiverskyle@gmail.com.
