Augusta Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30605376
Property Subtypes: Street Retail, Other
Building Size (RSF): 149,897 SF
Gross Building Area: See Agent
Gross Land Area: 10 SF
Sale Price: $6,000,000
Unit Price: $40.03 PSF
Property Use Type: Investment
Building Name: Augusta Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2021

Overview / Comments

Three-building, 149,897± sf multi-tenanted retail center on 10± acres located
at a signalized intersection

85,808± SF anchor opportunity

392 parking spaces

Traffic counts in excess of 20,000± vehicles per day

Significant cash flow from existing tenants

$2.26/SF NNN effective rent for owner-user or 15%+ cap rate return for

Sale Price: $6,000,000 ($40/SF)

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Submarket/Township: Waterville/Augusta
Submarket Type: Central Business District
Taxing Authority: City of Augusta
Tax ID/APN: Map 27, Lots 195 & 195-1
Zoning: CB
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Western Avenue
Feet of Frontage: 317
Traffic/Vehicle Count: 20,000
Highway Access: Minutes from I-95
Airports: Augusta State Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1962
Year Renovated: 2000
Construction/Siding: Concrete, Metal Siding
Total Parking Spaces: 392
Parking Type: Surface
Heat Type: Natural Gas, Oil
Air Conditioning: Engineered System
Zoning Description: CB - Local Business District
Lot Frontage: 317
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 5464/48

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,698 18,925 29,336
Median Age: 41.21 44.21 43.87
Households: 3,368 8,802 13,174


Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
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