Small Commercial Property - Broad Commercial Zoning

Small Commercial Property - Broad Commercial Zoning

LIVE AUCTION - Please review the Property Information Package available on this site. Final price will be determined by competitive bidding. This is a live auction being held on September 30, 2026 at 11:00 a.m. at the property. Auction listing site is https://www.tranzon.com/ap26061. Lender Ordered: 72 Armory Road is a 0.31-acre commercial parcel in Waterville's north end business district, off Main Street. Elm Plaza sits across the corridor, with the Waterville Commons cluster, anchored by Walmart Supercenter and Home Depot, a short distance away. Two Interstate 95 interchanges serve the city within minutes. Augusta is twenty minutes south, Bangor an hour north. Zoning is Commercial-C, the most permissive commercial district in the city ordinance. It accommodates retail, office, food service, service, automotive, storage, and equipment rental uses among others, subject to municipal review. Please confirm any intended use with the city. The building is freestanding and single story, built in 1955 on a masonry frame. Pre-finished metal exterior walls under a standing seam metal roof. Assessor records show roughly 1,000 sq. ft. of finished first floor area, 960 sq. ft. of unfinished utility and storage, and a 100 sq. ft. patio. The balance of the site is largely paved. On-site parking and circulation, with room for outdoor display or storage where the use allows. Waterville has gained ground. Colby College's downtown investment has been credited with roughly $1.3 billion in regional economic activity since 2019. City valuation rose about 56 percent from 2020 to 2024 and population grew more than 9 percent. Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594