Large Augusta Multi Use Building!

Industrial for Sale
Catylist Listing ID: 30847358
Property Subtypes: Warehouse/Distribution, Other
Building Size (RSF): 57,330 SF
Gross Land Area: 2.26 Acres
Sale Price: $699,000
Unit Price: $12.19 PSF
Ceiling: 10 ft. Clear
Docks/Doors: 1 Dock
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: 74 Water St
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2024

Overview / Comments

Large multi-use building located right in the heart of Downtown Augusta!! Lots of potential uses, 6 levels, 57,330 SF, lots of area for parking out back, large 2.26 acre lot, Historic District and Opportunity Zone area,(check with the city for more info) north end of Water St – not far from Mill Park. Real good development opportunity, architectural renderings available for potential conversion, rock solid building – former cotton mill warehouse. (ceilings are somewhat low) Possible uses could be: housing,(very much needed – could be a Maine Housing candidate with Federal Tax Credits) office space, storage – for both cold and heated, retail, vehicle/boat storage, parking garage, etc. Much, much potential! Bring your ideas. A large building with a big lot, and a downtown location do not come along that often.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11020_00034 00006 00000
Zoning: INDUSTRIAL; KDB1
Highway Access: Minutes to I 295
Site Description: Parking: 3,600+- SF of asphalt paving HVAC: none Has Sprinklers Const.Type: Brick/cement
Tenancy: Multiple Tenants
Number of Stories: 6
Year Built: 1929
Roof Type: Other
Construction/Siding: Other
Exterior Description: Concrete, Other Exterior
Parking Type: Surface
Parking Description: 21+ spaces On Site

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,222 16,337 27,681
Median Age: 38.54 43.77 44.02
Households: 3,008 7,708 12,449
© Copyright 2024 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.