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Listed by John Blouin LAER
$ 1,750,000
Est. payment /mo
Active
5 Community DR #A1 Augusta, ME 04330
13,446 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 13,446 sqft
Price per Sqft $130
MLS Listing ID 1614192
HOA Y/N No
Year Built 2000
Tax Year 2023
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Office
Source Maine Listings
Land Area 13446
Property Description
. Once every 25 years an opportunity like this comes available . Augusta is the place to be and this location is perfect! Present 2025 rental income is $20,931 per month or $257.832 per year 2024 annual expenses were $110,834 . Net income of $146,998. Long term tenants in place . Cap rate is 8.39 percent. Location Location-Location! First Class commercial office building at the crossroads of commerce, adjacent to the Mall at Augusta, The University of Maine at Augusta and The Augusta Civic Center. Over 13,000 square feet of prime office space. Long term tenants with leases in 12 different office suites. A great collection of professional tenants that share a conference area, a fully equipped gym, a customer waiting area and bathrooms. First floor office space with multiple entrances and plenty of parking. This premium office building is owned by four impressive owners and the building is a condo with great exposure and large traffic count. This property is 88 % leased out and an additional three suites are available to lease out for additional income This location is ideal . Original owner has had the property since it was built in 2000
Location
State ME
County Kennebec
Zoning CD
Direction From Hallowell, Follow State St to Mt Vernon Ave, to Civic Center Drive. Property is large brick building in front of the Civic Center.
Interior
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Equipment Internet Access Available
Building
Story 1
Others
Tax ID AUGU-000005A-000001
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