20 ConcourseWaterville, ME 04901

Property Details for 20 Concourse

Year built

1960

Construction

STEEL FRAME

Lot size

1.22 AC

Property size (Sq ft)

46,870 SF

Property type

Retail properties

APN

WAVL M:048 B:303

APU

WAVLM048B303

Description

This exceptional retail opportunity presents 25,586 square feet of single-tenant space available for lease at 20 Concourse West in Waterville, Maine. Located in Kennebec County, this property boasts a highly visible location in the heart of downtown Waterville, offering excellent access and ample on-site parking. The space is zoned CA - Commercial-A, providing flexibility for a variety of retail uses. Currently entirely vacant, this property presents a unique chance to establish a significant retail presence in a thriving area. The building's strategic location places it in close proximity to Colby College, further enhancing its appeal to a diverse customer base. Existing nearby businesses include Goodwill and The Dollar Tree, indicating a strong retail environment. The property's size, ranging from 9,950 to 25,586 square feet, offers considerable adaptability to suit various retail concepts and expansion needs. This is an unparalleled opportunity to secure a prominent retail space in a vibrant and growing Maine community. The property's address is 20 Concourse West, Waterville, ME 04901.

• CAP approach

  CAP return

  Valuation

  6%

  $11,391,046

  6.5%

  $10,514,812

  7%

  $9,763,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,432,566

  Geo Method

  $15,432,566

• Alternative Use

  Use

  Valuation

  Residential

  $8,869,637

  Hospitality

  $8,124,540

  Educational

  $6,759,522

  Medical

  $6,991,992

  Retail

  $10,514,812

Location Insight

City

Waterville

County

Kennebec

State

Maine

Latitude

44.5501

Longitude

-69.6322

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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