About this home
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.
Listing last checked: Listing updated:
Listed by Listing Agent · Pouliot Real Estate · MLS #1667174
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Details at a glance
Building2 property facts
- Style
- Office
- Year built
- 1988
Land & utilities2 property facts
- Lot size
- 5.66 acres
- Zoning
- INST
Financial2 property facts
- Annual taxes
- $13,452
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,695,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$9,692 / monthAdjust
- Principal & interest
- $8,571
- Property tax
- $1,121
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $13,452. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 24 Chase Avenue
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