# 45 Water Street, Waterville, ME 04901

> **TL;DR:** commercial, $175,000 ($13/sqft), built 1920, 13,793 sqft.
> Hardwood. Est. $758/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $175,000 |
| Price/sqft | $13 |
| Square Feet | 13,793 |
| Year Built | 1920 |
| Lot Size | 10,454 sqft (0.24 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $758 |
| **Total** | **$758** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1920
- 0.24 acre lot

## Description

### 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. Don't miss your chance to own a landmark property in Central Maine!

## Location

- **Address:** 45 Water Street, Waterville, ME 04901
- **County:** Kennebec

## Listing Agent

- **Name:** Kyle McGeechan
- **Brokerage:** Two Rivers Realty, LLC
- **Phone:** 2074699930
- **Email:** tworiverskyle@gmail.com

## Primary Photo

![45 Water Street - Primary Photo](http://lh.rdcpix.com/2b6a545f3d4672b882c86de2602290d4l-f3720500143r.jpg)

*50 total photos available on [listing page](https://www.propertysimple.com/listing/45-water-street-waterville-me-04901-1655268)*

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**MLS#:** 1655268 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/45-water-street-waterville-me-04901-1655268)

---

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