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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.
Property Type(s):
Commercial
| Last Updated | 10/21/2025 | Year Built | 1965 |
|---|---|---|---|
| County | Kennebec |
Additional Details
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Steam |
| LOT | 26 acre(s) |
| MLS STATUS | Active |
| PARKING | On Site, Paved |
| SEWER | Public Sewer |
| TAXES | 31920.9 |
| WATER | Public |
Listing provided by The Boulos Company
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2025 Onboard Informatics. Information deemed reliable but not guaranteed.
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IDX data provided by Market Leader, courtesy of Maine Listings.
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