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Listed by Matthew Pouliot Pouliot Real Estate
$ 1,895,000
Est. payment | /mo
10,690 SqFt
$ 1,895,000
Est. payment | /mo
10,690 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 10,690 sqft
Price per Sqft $177
MLS Listing ID 1667174
HOA Y/N No
Year Built 1988
Tax Year 2025
Lot Size 5.660 Acres
Acres 5.66
Property Sub-Type Office
Source Maine Listings
Land Area 10690
Property Description
The offering of 24 Chase Avenue in Waterville, Maine is the opportunity to acquire a 10,803-square-foot medical office building on approximately 5.66 acres, fully occupied by MaineGeneral Health. Known as the Seton Center, the building houses outpatient and
specialty medical services and is offered at a 7.46 percent capitalization rate, delivering stabilized income from an essential, deeply rooted healthcare tenant. The property is occupied by MaineGeneral Health, the largest
nonprofit health system in central Maine and the largest private employer in the Kennebec Valley, under a modified gross lease that runs through October 31, 2029. The building functions as part of MaineGeneral's established Waterville footprint, a clinical setting that is costly and disruptive to relocate, which underpins long-term occupancy and a high probability of renewal.
specialty medical services and is offered at a 7.46 percent capitalization rate, delivering stabilized income from an essential, deeply rooted healthcare tenant. The property is occupied by MaineGeneral Health, the largest
nonprofit health system in central Maine and the largest private employer in the Kennebec Valley, under a modified gross lease that runs through October 31, 2029. The building functions as part of MaineGeneral's established Waterville footprint, a clinical setting that is costly and disruptive to relocate, which underpins long-term occupancy and a high probability of renewal.
Location
State ME
County Kennebec
Zoning INST
Exterior
Parking Features 21+ Spaces, On Site
Others
Tax ID WAVL-000046-000000-000075
