The former Inland Hospital in Waterville, Maine presents an exceptional redevelopment opportunity—a substantial existing facility on a large, well-located parcel offered at an aggressively priced. The property is being sold vacant, creating a rare chance to reposition one of central Maine’s most recognizable institutional assets.
Located at a signalized intersection with excellent visibility and access, the site features robust existing infrastructure, multiple curb cuts, and expansive on-site parking. The campus includes three smaller medical office buildings that can be easily parceled out and sold or leased by the new owner. Its scale and location make it suitable for a wide range of potential redevelopment concepts, including medical, educational, residential, senior living, or mixed-use applications. With strong physical bones, utility connections in place, and a strategic position near major routes, this property provides a cost-effective platform for developers and investors seeking to capitalize on value creation through adaptive reuse or ground-up redevelopment.
Highlights:
• Prime Waterville location with signalized intersection access
• Large, well-configured parcel suitable for redevelopment
• Substantial infrastructure and utility capacity in place
• Aggressively priced, offering a low-cost entry point for redevelopment
• Flexible zoning and adaptive reuse potential
• Vacant and ready for immediate repositioning
