Mixed Use Investment Portfolio For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30860066
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Building Size (RSF): 6,459 SF
Gross Building Area: See Agent
Gross Land Area: 1.46 Acres
Sale Price: $1,500,000
Unit Price: $232.23 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 3/27/2024

Overview / Comments

Excellent investment portfolio consisting of three abutting properties comprising 1.46+/- acres with a combined footprint of 6,459+/- SF of mixed use space. 137 Civic Center Drive is a 4,280+/- SF building featuring Sam’s Italian Foods as wells as J Salon. 145 Civic Center Drive is a two-story 1,008+/- SF building that houses Uncorked Wine & Cheese on the first floor and upper level office space housing a Bitcoin business. 168 Townsend Road is a 1,171+/- SF 3 bedroom house that is currently vacant. This portfolio is located on busy Civic Center Drive less than a half mile to the Maine Turnpike. The area is Augusta’s retail hub including nearby Marketplace at Augusta, UMaine Augusta, and the Augusta Civic Center.

This property has been approved for redevelopment that includes a new 2,176+/- SF retail building to be built to the right of the Sam’s building and replacing the wine & cheese shop and house with a 2,720+/- SF retail building. See page 8 of brochure for approved plan document.




Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 5/046, 47, 48
Zoning: CD
Property Visibility: Excellent
Feet of Frontage: 617
Traffic/Vehicle Count: 19,600
Area Description: This portfolio is located on busy Civic Center Drive less than a half mile to the Maine Turnpike. The area is Augusta’s retail hub including nearby Marketplace at Augusta, UMaine Augusta, and the Augusta Civic Center.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1972
Year Renovated: 2007
Total Parking Spaces: 50
Heat Type: Propane, Oil
Lot Frontage: 617
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,355 17,761 23,783
Median Age: 44.72 43.29 44.39
Households: 683 8,302 10,826

Contact

Photograph of Listing Agent

Dennis Wheelock

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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