College Place
Office
for Lease
| Catylist Listing ID: |
30813407 |
| Property Subtypes: |
Executive Suites, Institutional, Medical, Flex Space, Office Building
|
| Contiguous Space: |
2,035 SF |
| Building Size (RSF): |
20,587 SF |
| Gross Building Area: |
23,000 SF |
| Gross Land Area: |
0.86 Acres
|
| Lease Rate: |
$10.50 PSF (Annual)
|
| Base Monthly Rent: |
$1,780 |
| Lease Types: |
NNN |
| Ceiling: |
7 ft. |
| In Opportunity Zone? |
Yes |
| Building Name: |
College Place |
| Class of Space: |
Class A |
| Last Updated: |
4/18/2024 |
Overview / Comments
|
College Place is a 23,000 +/- sq ft redeveloped historic building situated at 32 College Avenue in Waterville, ME. The three story brick building was built in 1904. Originally the property started as Foss Hall, a women's dormitory, and was part of the original Colby College campus prior to Colby College moving to its current location on Mayflower Hill in Waterville. In the early to mid-1950's, the building was updated and rehabilitated to serve as a private catholic school known as Sacred Heart. Finally, the building underwent a substantial renovation process in the mid-late 1980's and early 1990's during which time it was developed into 19 professional office condominiums/suites. Many recent improvements including to windows, rear parking lot being repaved, etc.
|
| Level/Floor: |
2 |
| Space Available: |
2,035 SF |
| Lease Rate: |
$10.50 PSF (Annual)
$1,780 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Two combined suites featuring waiting area, business area, 2 bathrooms, break room and 10 offices. Last used as medical professional space but can easily be used as general office |
| Space Subcategory: |
Office Building, Medical |
| Date Available: |
5/15/2023 |
| Space Type: |
Relet |
| Offices |
10 |
| Kitchen |
Yes |
| Tax Expenses |
$0.76 PSF (Annual) |
| CAM Expenses |
$3.10 PSF (Annual) |
| Rent Escalators |
Other |
| Rent Escalators Description |
rent escalators depend on terms negotiated |
Additional Details
| Nearest MSA: |
Augusta-Waterville |
| County: |
Kennebec |
| Taxing Authority: |
City of Waterville |
| Tax ID/APN: |
052-390-000 |
| Zoning: |
COMMERCIAL A |
| Property Located Between: |
Main Street and College Ave |
| Property Visibility: |
Excellent |
| Highway Access: |
I-95 is approximately 1 mile away from the subject location |
| Airports: |
Waterville's LaFleur Airport is a smaller regional airport |
| Site Description: |
The site offers access from both College Ave and Main Street with paved parking in the front and back of the building. It is very centrally located and the Waterville Post Office is directly across the street. Downtown Main Street is just a few short minutes away by car or on foot. |
| Area Description: |
The property is in an area of mixed use office, retail, retail serivce, and some residential uses. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1904 |
| Year Renovated: |
1990 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick, Stone |
| Parking Type: |
Surface |
| Parking Description: |
ample paved parking located in front and rear of the bulding |
| Passenger Elevators: |
1 |
| Sprinklers: |
Dry |
| Heat Type: |
Electricity |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL |
| Zoning Description: |
Professional office use and retail allowed in commercial a zoning |
| Lot Frontage: |
139 |
| Lot Depth: |
222 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,942 |
24,658 |
31,489 |
| Median Age: |
39.4 |
39.99 |
40.73 |
| Households: |
4,992 |
10,234 |
13,044 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
