30 Chase Avenue Waterville, ME

$1,500,000
Square Footage 119,771
Acres 26.00
Photo of 30 Chase Avenue Waterville ME 04901




Description

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.


Listed by The Boulos Company, Christopher Pathwick-Paszyc 207-772-1333

Details

MLS 1641468
Status Active
Price $1,500,000
DOM 293 days
Type Commercial
Square Feet 119,771 sqft
Lot Size 26.00 acres
Year Built 1965
Taxes Paid $31,920

Lot & Building Features

Construction Masonry
Cooling Other
Heat Source Oil
Heating Steam
Parking Description 21+ Spaces, On Site, Paved
Tax Year 2025
Taxes Paid $31,920
Water Public

Map

Get Directions

Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


Browse By Area