Listed by The Boulos Company Portland
$1,500,000
The Seton Project
Details
APN Map 42, Lot 69
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 119,771
Tenancy Multi
Year Built 1965
Stories 4
Acreage 26.000
Zoning SMU - Suburban Mixed Us
Ownership Waterville Seton, LLC
Multifamily
Marketing description
The Seton Project - 26± Acre Development Site
Close to Kennedy Memorial Drive and Maine Turnpike Exit 127
Investment highlights
- 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.
Listing Contacts
Listed by The Boulos Company Portland
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