10 Water StWaterville, ME 04901

  • Office properties
  • 238,560 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
10 Water St, Waterville, Maine

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$180,095
$419,800
$8,630,200
$9,050,000
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