Downtown Redevelopment Opportunity
Retail-Commercial
for Sale
| Catylist Listing ID: |
30810771 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Post Office
|
| Building Size (RSF): |
41,212 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,650,000 |
| Unit Price: |
$64.30 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Olde Federal Building |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
49 |
| Last Updated: |
5/16/2023 |
Overview / Comments
Back on the market! Iconic and historic, the Olde Federal Building presents a rare residential, hospitality/boutique hotel, or mixed-use redevelopment opportunity in Augusta’s growing downtown. 41,212± SF magnificent 4-story granite-faced property with slate and copper adorned roof is one of only a few buildings in the US with this degree of architecture and presence. Recently approved by the city of Augusta for residential and commercial mixed-use redevelopment. Listed on the National Register of Historic Places and is within Augusta’s historic district which makes it eligible for state and Federal Historic Tax Credits (HTC). Currently fit-up as a multitenanted office building with tenants including the United States Postal Service, State government entities, local businesses, and nationally affiliated companies.
Financials, Historical Tax Credit report, and additional property information available upon request.
www.OldeFederalBuilding.com
|
Additional Details
| Nearest MSA: |
Augusta-Waterville |
| County: |
Kennebec |
| Tax ID/APN: |
11020_00033 00279 00000 |
| Zoning: |
KBD 1 |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Water Street |
| Feet of Frontage: |
340 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Year Built: |
1889 |
| Construction/Siding: |
Granite |
| Exterior Description: |
Granite/masonry |
| Total Parking Spaces: |
14 |
| Passenger Elevators: |
1 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Heat Pump |
| Zoning Description: |
Building is listed on the National Register of Historic Places and is
within Augusta’s historic district which makes it eligible for state and
Federal Historic Tax Credits (HTC) |
| Lot Frontage: |
340 |
| 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 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
