Historic Residential Redevelopment

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30848461
Property Subtypes: Free-Standing Building, Mixed Use, General
Building Size (RSF): 13,750 SF
Gross Building Area: 20,800 SF
Gross Land Area: 0.18 Acres
Sale Price: $800,000
Unit Price: $58.18 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 211 Water St
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Last Updated: 7/10/2024

Overview / Comments

- In Augusta's Water Street Historic District
- 20,800± SF five-story building in Downtown Augusta overlooking the Kennebec River
- 7,113± SF 1st floor NNN leased to SGC Engineering.
- Two (2) 3,000± SF walkup floors in shell condition ideal for residential conversion
- Many recent mechanical and structural improvements

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 00034 00031 00000
Tenancy: Multiple Tenants
Lot Frontage: 1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,976 17,075 27,681
Median Age: 38.92 43.99 44.02
Households: 3,379 8,101 12,449


Photograph of Listing Agent

Timothy J. Millett, CCIM

Porta & Company NECPE Member
© 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.