Mixed-Use Investment - Medical Office & Apartments

Office for Sale
Catylist Listing ID: 30848244
Property Subtypes: Office Building, General
Building Size (RSF): 10,564 SF
Gross Building Area: See Agent
Sale Price: $725,000
Unit Price: $68.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 12 Spruce St
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2023

Overview / Comments

Mixed-use investment property with value-add potential. Currently consisting of 7 commercial office units and 2 residential apartments. Large 2nd floor residential 3 bedroom, 1.5 bath unit and recently updated 1 bedroom, 1 bath unit, below market rents. Quiet building, very easy to manage. 2,514 SF of currently vacant medical office space ideal for owner-user or new tenant. Updated mechanical systems. 0.50 acre lot with large on-site paved parking lot. Excellent opportunity for investor or owner-user.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 00038 00150 00000
Zoning: BP
Site Description: HVAC: central A/C Const.Type: aluminum siding/wood shingle
Number of Stories: 2
Year Built: 1835

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,831 16,221 29,774
Median Age: 39.98 43.44 43.99
Households: 2,870 7,715 13,344


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