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$950,000
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Property Description
Come join the vibrancy of downtown Gardiner! Located just off I-95, this prime building offers quick access to Brunswick, Portland, and Bangor. Situated in the heart of Gardiner's historic downtown commercial district, this 11,520 +/- sq. ft. property is available for mixed-use development. Currently home to a popular restaurant, unique Airbnb or Apartment, office suites, and artistic studio spaces, this building presents endless possibilities. With unfinished space on the third floor and the possibility of an office space co-op or more apartments on the second floor there are many more opportunities for growth. With major million-dollar renovations completed in the 1990s, the property has been meticulously updated, including the replacement of LVL beams, installation of new eye beams, upgraded wiring and plumbing, a new furnace, central air, and interior improvements. Further enhancements include in 2020 expansion of the first-floor restaurant dining area and commercial-grade kitchen, 2023 Office space remodel to accommodate modern needs, 2024 added a full apartment for Airbnb rental with bar style kitchen for a unique rental experience. The building comes with 6 reserved parking spaces, ensuring convenience for tenants and visitors alike. Downtown Gardiner offers a vibrant mix of eclectic shops and restaurants, alongside a scenic waterfront amphitheater and boat launch on the beautiful Kennebec River. Whether you're looking to seize a wealth of opportunities or maintain the current success, this property is ready to meet your vision. Come be part of the excitement in Gardiner's dynamic downtown!
Full Property Details
Full Property Details for 252 Water St
General
- Sold For: $950,000
- Taxes: $12,229 (2024)
- Status: Closed
- Type: Commercial
- Source: MREIS
- MLS ID: 1616916
- Added to Site: 331 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Office Building, Retai
Interior
- Interior Features: Storage
- Flooring: Wood, Tile, Laminate, Heavy Duty, Carpet
Additional Information
- Equipment: Internet Access Available, Cable
Parking
- Parking Features: Assigned, 5 - 10 Spaces, Paved, Off Street
Location
- County: Kennebec
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Heat Pump, Central Air Conditioning
- Heating Type: Hot Water, Heat Pump, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Masonry
- Roof: Flat, Membrane
- Stories/Levels: 3
- Building Size: 14812
- Square Feet: 14,812
- Living Area: 14,812 Sq. Ft.
- Year Built: 1875
- Other Struct. Feat.: Security System
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Zoning: Traditional Downtown
- Lot Description: Near Turnpike/Interstate, Downtown, Business District, Historic District, Near Shopping
Financial Considerations
- Tax Amount: $12,229
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 108
Listed and Sold by Better Homes & Gardens Real Estate/The Masiello Group (207) 623-4182
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Schools
Schools serving 252 Water St
School District:School Administrative District 11
| Name | Grades | Distance |
|---|---|---|
Gardiner Area High School 40 West Hill Road, Gardiner, ME 04345 | 9-12 | 0.8 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 252 Water St
Date
Details
Price
Change
Source
10/31/2025
Sold
$950,000
-20.83%
MLS
3/24/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
252 Water Street, Gardiner, ME 04345 (MLS# 1616916) is a Commercial property that was sold at $950,000 on October 31, 2025. Want to learn more about 252 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.

