Historic Residential Redevelopment

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30848461
Property Subtypes: Free-Standing Building, Mixed Use, General
Building Size (RSF): 13,750 SF
Gross Building Area: 20,800 SF
Gross Land Area: 0.18 Acres
Sale Price: $800,000
Unit Price: $58.18 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 211 Water St
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Last Updated: 4/2/2024

Overview / Comments

- In Augusta's Water Street Historic District
- 20,800± SF five-story building in Downtown Augusta overlooking the Kennebec River
- 7,113± SF 1st floor NNN leased to SGC Engineering.
- Two (2) 3,000± SF walkup floors in shell condition ideal for residential conversion
- Many recent mechanical and structural improvements

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 00034 00031 00000
Zoning: KENNEBEC BUSINESS 1
Tenancy: Multiple Tenants
Lot Frontage: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,976 17,075 27,681
Median Age: 38.92 43.99 44.02
Households: 3,379 8,101 12,449

Contact

Photograph of Listing Agent

Timothy J. Millett, CCIM

Porta & Company NECPE Member
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