Office/Retail Investment Opportunity

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30847714
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 17,303 SF
Gross Building Area: See Agent
Gross Land Area: 0.10 Acres
Sale Price: $1,829,000
Unit Price: $105.70 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2023

Overview / Comments

Located in the very center of downtown Camden, Maine, this 4-story, brick retail/office building is perhaps the most notable building in this midcoast town. The 17,303 sf building is home to nineteen (19) local office users and a first floor manufacturer/retailer. The property has consistently shown low vacancy and is now 95% occupied with only one office suite available. Priced at approximately $105/sf, this professionally-managed building is a high-return asset with low risk spread over the 19 tenants.

• Excellent location in downtown Camden
• 95% occupied with 19 tenants
• NOI: $127,363
• 7.0% Cap Rate
• Professionally managed, ideal for “hands off” investor
• Sale Price: $1,829,000 (approx. $105/SF)



Finance Data Year 2023
Real Estate Taxes - Annual($) $20,794 (Annual)
Tax Value Land $465,700
Tax Value Improvements $1,109,600
Assessed Value - Total($) $1,575,300 (Annual)
Net Operating Income $127,363 (Annual)

Additional Details

Nearest MSA: Augusta-Waterville
County: Knox
Submarket Type: Central Business District
Taxing Authority: Town of Camden
Tax ID/APN: 120156000000
Zoning: B-1
Property Visibility: Excellent
Highway Access: U.S. Route 1 and I-295
Airports: Augusta State Airport
Site Description: Downtown Business District
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1830
Roof Type: Flat
Construction/Siding: Brick, Concrete
Parking Type: Surface
Parking Description: Parking available in nearby lot at $450/year per space.
Heat Type: Oil, Hot Water
Air Conditioning: Window Unit
Zoning Description: Downtown Business District
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,411 5,519 8,180
Median Age: 55.25 52.82 51.33
Households: 1,257 2,686 3,804


Photograph of Listing Agent

Daniel Greenstein

The Boulos Company NECPE Member
© 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.