Large Augusta Multi Use Building!

Office for Sale
Also listed as Industrial
Catylist Listing ID: 30847358
Property Subtypes: Mixed Use
Building Size (RSF): 57,330 SF
Gross Land Area: 2.26 Acres
Sale Price: $890,000
Unit Price: $15.52 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: 74 Water St
Class of Space: Class
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2023

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
Property Visibility: Excellent
Highway Access: Minutes to I 295
Site Description: Parking: 3,600+- SF of asphalt paving HVAC: none Has Sprinklers Const.Type: Brick/cement
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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,976 16,337 27,681
Median Age: 38.92 43.77 44.02
Households: 3,379 7,708 12,449
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