44-46 Elm StWaterville, ME 04901

Property Details for 44-46 Elm St

Year built

1910

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

10,287 SF

Property type

Office buildings

APN

WAVL M:044 B:128

APU

WAVLM044B128

Description

This exceptional commercial property, located at 44-46 Elm Street in Waterville, Maine, presents a unique investment opportunity. Priced at $599,900, this 10,287 square foot building sits on a 0.52-acre lot and offers ample space for a variety of commercial uses. Previously occupied by the Marden Dubord Law Office, the building boasts substantial office and conference room space, ideal for a growing business or a company seeking to relocate to a central Waterville location. The property's convenient location provides easy access to Kennedy Memorial Drive and Silver Street, ensuring excellent visibility and accessibility for clients and employees. With its generous square footage and ample parking, this property is well-suited for businesses requiring significant space and convenient parking for staff and visitors. The building's history as a successful law office speaks to its suitability for professional office use, but its adaptable layout could accommodate a range of commercial ventures. This is a rare opportunity to acquire a substantial commercial property in a desirable Waterville location. The property is situated in Kennebec County, Maine, with a zip code of 04901. The address is 44-46 Elm Street. The property consists of one unit. This is a prime opportunity for investors seeking a strong return on investment in a thriving Maine community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,700,748

  6.5%

  $1,569,922

  7%

  $1,457,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,344,099

  Geo Method

  $1,344,099

• Alternative Use

  Use

  Valuation

  Residential

  $1,946,703

  Hospitality

  $1,783,169

  Educational

  $1,483,576

  Medical

  $1,534,598

  Retail

  $2,307,785

Location Insight

City

Waterville

County

Kennebec

State

Maine

Latitude

44.5492

Longitude

-69.6343

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].