10 Water StWaterville, ME 04901

Property Details for 10 Water St

Year built

1881

Construction

FRAME

Lot size

5.14 AC

Property size (Sq ft)

238,560 SF

Property type

Office buildings

APN

WAVL M:044 B:311

APU

WAVLM044B311

Description

The Hathaway Creative Center offers exceptional office and retail space in downtown Waterville, Maine. This Class A property boasts a total of 230,000 square feet across a five-story building situated on 4.19 acres of land. The building features a single structure with 378 parking spaces and elevators for convenient access. Multiple tenancy options are available, with spaces ranging from a minimum of 439 square feet to a maximum contiguous space of 10,094 square feet. First-floor office and retail suites (approximately 1,000-3,000 square feet) feature high ceilings and exposed brick, offering a unique and attractive aesthetic. The third floor provides approximately 10,094 square feet of Class A office space with stunning water views and abundant natural light from three sides. The property is zoned DI - Downtown Industrial and its location along the Kennebec River is less than two miles from Colby College and the Maine Turnpike. Established tenants include MaineGeneral Health, Raymond James, and the Central Maine Growth Council, underscoring the building's desirability and strong tenant base. Well-appointed common areas further enhance the professional atmosphere. The property's APN is Map 44, Block 34, located in Kennebec County within the Augusta/Waterville submarket. Lease rates are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $39,441,092

  6.5%

  $36,407,164

  7%

  $33,806,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,170,250

  Geo Method

  $31,170,250

• Alternative Use

  Use

  Valuation

  Residential

  $45,144,884

  Hospitality

  $41,352,468

  Educational

  $34,404,768

  Medical

  $35,588,004

  Retail

  $53,518,532

Location Insight

City

Waterville

County

Kennebec

State

Maine

Latitude

44.5459

Longitude

-69.6301

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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