Building has been deemed eligible for Historical Tax Credits. This provides up to 45% (of the total renovation) back to the owner in tax credits. Property can accommodate up to 60 +/- apartments (as is),or roughly 35-40 if the HTC Program is utilized. City of Waterville is highly supportive of additional tax credits, through a generous TIF process as well. This building could provide an excellent option for much needed housing in Downtown Waterville.
Brick and structure is in excellent shape throughout, asbestos free and has a brand new roof/sheathing over the main building.
Parking for 50+ cars.
Public Water\Sewer on site.