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45 Water Street
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Courtesy of Two Rivers Realty, LLC
For Sale

45 Water Street

45 Water Street, Waterville, ME 04901

$175,000
Positioned in the heart of downtown Waterville, 45 Water Street presents a compelling value-add investment opportunity with multiple income streams and significant upside potential. This 13,793+- sq ft mixed-use asset was formerly operated as a bar and entertainment venue and is primed for repositioning or redevelopment.

The ground-level commercial space offers a large open layout ideal for reactivation as a bar/restaurant, event venue, or conversion to retail, office, or multi-tenant commercial use. Its downtown location benefits from steady foot traffic and proximity to Waterville's ongoing revitalization.

The property includes two existing apartments in the attached building, providing immediate income potential. Above the commercial space are two additional floors featuring multiple rooms and two bathrooms per level, offering a clear path to additional unit creation, short-term rental conversion, workforce housing, or boutique lodging.

The property does require extensive repairs and updating, making it best suited for investors, developers, or experienced operators ready to execute a renovation or full repositioning strategy.

13,793 Sq.Ft. LIVING AREA

10,454.4 Sq.Ft. lot

Kyle McGeechan

Kyle McGeechan

Features & Amenities

Interior

  • Flooring Carpet, Wood, Hardwood
  • other interior Features Storage

Area & Lot

  • Status For Sale
  • Living Area13,793 Sq.Ft.
  • Total Area13,793 Sq.Ft.
  • Lot Area10,454.4 Sq.Ft.
  • MLS® ID1655268
  • TypeCommercial
  • YEAR BUILT1920

Exterior

  • STORIES3
  • water SourcePublic
  • roofShingle
  • lot featuresBusiness District
  • parking5 - 10 Spaces, Paved
  • HEAT TYPEOil, Baseboard, Hot Water
  • sewerPublic Sewer
  • SubstructurePoured Concrete

Financial

  • Sales Price$175,000
  • Real Estate Tax $7,262/yr
  • Zoning CC
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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 45 Water Street, Waterville, ME 04901. We are reviewing your request and will be in touch shortly!
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Work With Kyle

A lifelong connection to the area brings valuable perspective and a deep sense of trust, offering clients a strong and reliable foundation for navigating every real estate opportunity with clarity, confidence, and informed decision-making.
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Contact Details

Kyle McGeechan

Phone

(207) 249-0049

Email

[email protected]

Address

355 Back Ridge Rd Orland, ME 04472

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