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$540,000
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Property Description
Downtown Gardiner Retail leased to Reny's + Apartment 177 Water Street presents a compelling opportunity for investors or potential owner- occupants in the heart of downtown Gardiner. The property is anchored by a nationally recognized tenant, Reny's Department Store, with approximately three years remaining on the current lease, providing stable income. The upper level features a fully renovated, high-end residential apartment on the third floor, offering additional revenue or the option for an owner-occupied setup. This well-located, mixed-use asset combines dependable tenancy, quality residential space, and long-term upside in a desirable commercial corridor.
Full Property Details
Full Property Details for 177 Water St
General
- Price: $540,000
- Taxes: $5,655 (2024)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1627475
- Updated: 6/20/2025
- Added to Site: 211 day(s) ago
Business
- Business Type: Commercial, Retail
Parking
- Parking Features: On Street
Location
- County: Kennebec
Structural Information
- Building Size: 5544
- Square Feet: 5,544
- Living Area: 5,544 Sq. Ft.
- Year Built: 1880
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742.4
- Zoning: Traditional Downtown
Financial Considerations
- Tax Amount: $5,655
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 163
Listed by Core (207) 210-5677
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Schools
Schools serving 177 Water St
School District:School Administrative District 11
| Name | Grades | Distance |
|---|---|---|
Gardiner Area High School 40 West Hill Road, Gardiner, ME 04345 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 177 Water St
Date
Details
Price
Change
Source
6/20/2025
Listed
$540,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 177 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,655
20%
$220,900
11%
2023
$4,728
7%
$199,500
—
2022
$4,429
2%
$199,500
—
2021
$4,329
—
$199,500
—
2020
$4,329
—
$199,500
—
2019
$4,329
1%
$199,500
—
2018
$4,269
-3%
$199,500
—
2017
$4,389
2%
$199,500
—
2016
$4,289
—
$199,500
—
2015
$4,309
5%
$199,500
—
2014
$4,110
4%
$199,500
—
2013
$3,970
—
$199,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 177 Water St
177 Water Street, Gardiner, ME 04345 (MLS# 1627475) is a Commercial property. 177 Water Street is currently listed for $540,000 and was received on June 20, 2025. Want to learn more about 177 Water Street? Do you have questions about finding other Commercial real estate for sale in Gardiner? You can browse all Gardiner real estate or contact a Coldwell Banker agent to request more information.

