10 Water StWaterville, ME 04901
- Office properties
- 238,560 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].