Olde Federal Building

Office for Sale
Catylist Listing ID: 30138389
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 41,200 SF
Gross Building Area: 54,500 SF
Gross Land Area: 0.49 Acres
Sale Price: $2,175,000
Unit Price: $52.79 PSF
Property Use Type: Investment
Building Name: Olde Federal Building
Class of Space: Class B
Usable Size (USF): 41,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

We are pleased to offer for sale the landmark Olde Federal Building, located in the heart of the revitalized Downtown District of Augusta, Maine. The Olde Federal Building is a 41,200+/- SF multi-tenanted office and mixed-use property that is just off of Western Avenue and minutes from I-95. The building overlooks the Kennebec River and Augusta Waterfront, it is walking distance from Key Plaza and the new State Courthouse, and just a short drive to the State Government campus. The Olde Federal Building is listed on the National Historic Register and is eligible for State and Federal Historic Tax Credits, making this a unique redevelopment or investment opportunity.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: Map 33, Lot 279
Zoning: KBD 1
Property Visibility: Excellent
Highway Access: Minutes from I-95 (Maine Turnpike)
Airports: Augusta State Airport
Site Description: Level, open
Area Description: Augusta is the capital of Maine and is located on the banks of the Kennebec River. The city's population was 19,136 at the 2010 census.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1890
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Granite
Parking Type: Surface, Other
Parking Description: 14 on-site dedicated visitor spaces, employee parking available through Augusta Parking District in proximate lots
Passenger Elevators: 1
Heat Type: Natural Gas, Hot Water
Heat Source: Other
Air Conditioning: Engineered System
Zoning Description: KBD 1
Lot Frontage: 340' on Water Street
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,976 17,075 28,465
Median Age: 38.92 43.99 43.99
Households: 3,379 8,101 12,799


Photograph of Listing Agent

Andrew J. LeBlanc

Cardente Real Estate NECPE Member
© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.