BACK ON THE MARKET! Buyer's ability to purchase fell through. Great investment opportunity! Downtown Commercial property. Two units. Updated heating system and electrical. Roof replaced 8 years ago. Recent cosmetic updates to outside storefronts.
Commercial opportunity situated on 1.92 acres, formerly home to the American Legion Hall. The property features three private office/mixed-use suites and a spacious outdoor canopy ideal for gatherings and events. With a rich local history and versatile layout, this site offers endless potential for office, event, community, or special-use purposes. Ready for a new vision to make it your own. Taxes are low due to non-profit status of occupant. Actual taxes to be determined.
Step into a rare investment opportunity in the heart of Waterville—an established commercial building offering high visibility, strong traffic counts, and multiple income streams. This well-maintained property is currently home to **Waterville House of Pizza** (*business also available for sale—see MLS #1639546*) and **Soul Revival**, two long-standing tenants that benefit from excellent exposure along Main Street. The second floor features **four residential units**, providing steady rental income and versatile living options. The layout includes **two 1-bedroom apartments**, **one 3-bedroom unit**, and a **spacious 2-bedroom owner's unit overlooking Main Street**—ideal for an owner-occupant or continued use as an income-producing rental. With a prime in-town location close to Colby College, downtown revitalization, shopping, and major travel routes, this property is perfectly positioned for investors seeking both stability and growth. Whether you expand its current uses or continue operating as a mixed-use commercial hub, the possibilities here are wide open. A standout chance to own a cornerstone Waterville property with strong tenant history and exceptional potential. Opportunities like this don't come along often.
Extremely well maintained office building on desirable Kennedy Memorial Drive. This visible building features 3 floors of office condominiums. Each floor has 2 condominium units with 2 bathrooms per unit. Handicap accessible with a common elevator, brick siding, large parking lot. extremely well maintained. Ideal for owner occupied or landlord. Building is for sale OR lease and seller will consider owner financing to a qualified buyer.
Prime commercial opportunity on one of Waterville's busiest streets! 162 College Avenue offers excellent visibility, easy access, and strong daily traffic counts—ideal for a wide range of business uses. The flexible layout allows for office, retail, medical, or service-oriented space, with plenty of on-site parking for customers and staff. This well-maintained property is located minutes from downtown Waterville, Colby College, and I-95, surrounded by other thriving businesses and residential neighborhoods. Whether you're expanding, relocating, or investing, this location offers outstanding potential and convenience in a growing commercial corridor. Home currently being used as residential. Previous uses have been a barber shop and a 2-unit.
Rare Opportunity in the Heart of Downtown Waterville! Own a piece of history - formerly the Al Corey Music Center. This 4-story commercial building located on Main Street offers endless potential for retail, office, or mixed-use development. Whether you're an investor, entrepreneur, or developer, this is your chance to bring new life to one of Waterville's most recognizable historic buildings. Opportunities like this don't come around often - make it your own and be part of downtown's vibrant revival!
The Seton Project in Waterville, Maine, offers a prime redevelopment opportunity. Formerly a hospital campus, the property received approvals to develop a 56-68 unit multifamily community with 35,000± square feet of commercial space. Since 2013, hundreds of thousands of dollars have been invested in environmental remediation and soft costs, leaving the site fully cleared and ready for advancement. A comprehensive due diligence package is included, with construction drawings, market studies, feasibility reports, prior tax credit approvals, and environmental clearances. With utilities in place, paved roadways, and acres of impervious surface, buyers can avoid millions in predevelopment costs and years of permitting. Additional acreage supports potential single-family or multifamily expansion. Flexible SMU zoning allows a range of uses—multifamily, industrial, or commercial—giving developers the option to pursue the approved mixed-use plan or adapt to market demand. Seller-provided financing may be available to qualified buyers. With approvals, infrastructure, due diligence, zoning flexibility, and expansion potential, the Seton Project stands out as a shovel-ready opportunity in a growing Central Maine market.
Are you searching for a high-visibility location for your business or a rock solid investment in one of Waterville's busiest corridors? This property on College Avenue delivers both. With plenty of parking and a right of way onto Walnut Street, it offers unbeatable flexibility. The building has already been home to several successful businesses and is ready to be transformed into its next thriving venture. Upstairs you'll find a two bedroom apartment that's currently rented, adding steady income. Whether you want to live above your business, use the entire space for your operation, or simply secure a prime investment, this property checks the boxes. Surrounded by thriving businesses and just minutes from downtown, Colby College, Thomas College, MaineGeneral, and I-95, the location couldn't be better. The possibilities are endless whether you're an entrepreneur launching your vision, an established owner looking to expand, or an investor seeking high demand commercial real estate. Opportunities like this rarely come along. Claim your spot in one of Central Maine's most sought after locations today.
ncredible opportunity in an iconic building located in the heart of Waterville's downtown business district. This meticulously remodeled office building has potential for multi-family living or mixed use office space. With over 3,000 square feet on the ground floor complete with a reception area, multiple offices, a showroom, and a full scale workshop with radiant floor heat there's plenty of space for almost any idea. Upstairs can be additional office space or living quarters with its own full bath, kitchen, and dining area. A third floor has the potential for even more. Don't miss this in unique opportunity!
This 4,000± SF single-story retail/flex building sits on 0.35± acres in downtown Waterville. The property combines retail frontage with warehouse functionality, featuring high ceilings, an overhead door, and outdoor storage space. Key improvements include a rubber roof installed in 2020 and 480-amp, 3-phase power to support a wide range of uses. The site offers 25± paved parking spaces and excellent access for loading/unloading. Located in a busy commercial corridor, the property is minutes from I-95 and surrounded by established businesses and residential neighborhoods. Zoned Commercial-A (C-A), it allows for a variety of uses. The building will be delivered vacant.
Prime commercial property in the heart of Waterville. This property has been a family owned used car dealership for over 50 years. Not only does this property possess two in-town lots with plenty of parking, it also has road access on Kennedy Memorial Drive and Sawyer Street for easy access. Conveniently located near close to I-95 it offers a tremendous opportunity for retail sales and auto service. Property is adjacent to Aroma Joes and offers easy access to JFK Plaza where you will find popular chains like Hannaford and Tractor Supply. Bring your ideas to the City of Waterville for approval and take advantage of this rare opportunity to locate your business in a prime retail area.
Don't miss this exceptional opportunity to own a well-maintained, high-visibility property perfect for a variety of professional or medical uses. Formerly an optometrist's office, the flexible floor plan easily adapts to your business needs. Recent updates throughout add modern appeal and functionality. Upstairs, two apartments offer a source of rental income, complete with a generous private deck for outdoor enjoyment. Ample onsite parking ensures convenient access for clients, patients, or tenants. This versatile property combines income potential with outstanding location—schedule your private showing today!
This property offers a fantastic opportunity for businesses looking to establish themselves in the heart of Waterville. With ample parking and over 10,000 SF of office and conference room space, this property is geared towards many uses. Formerly the Marden Dubord Law Office.


Waterville is located in Maine. Waterville, Maine has a population of 15,872. Waterville is less family-centric than the surrounding county with 20.18% of the households containing married families with children. The county average for households married with children is 24.69%.
The median household income in Waterville, Maine is $41,245. The median household income for the surrounding county is $58,097 compared to the national median of $69,021. The median age of people living in Waterville is 35.7 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 8.1 degrees. The average rainfall is approximately 44.8 inches per year, with 71.2 inches of snow per year.