Mixed Use Investment Portfolio For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30860066 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Other
|
| Building Size (RSF): |
6,459 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.46 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$232.23 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
11/27/2023 |
Overview / Comments
Excellent investment portfolio consisting of three abutting properties comprising 1.46+/- acres with a combined footprint of 6,459+/- SF of mixed use space. 137 Civic Center Drive is a 4,280+/- SF building featuring Sam’s Italian Foods as wells as J Salon. 145 Civic Center Drive is a two-story 1,008+/- SF building that houses Uncorked Wine & Cheese on the first floor and upper level office space housing a Bitcoin business. 168 Townsend Road is a 1,171+/- SF 3 bedroom house that is currently vacant. This portfolio is located on busy Civic Center Drive less than a half mile to the Maine Turnpike. The area is Augusta’s retail hub including nearby Marketplace at Augusta, UMaine Augusta, and the Augusta Civic Center.
This property has been approved for redevelopment that includes a new 2,176+/- SF retail building to be built to the right of the Sam’s building and replacing the wine & cheese shop and house with a 2,720+/- SF retail building. See page 8 of brochure for approved plan document.
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Additional Details
| Nearest MSA: |
Augusta-Waterville |
| County: |
Kennebec |
| Tax ID/APN: |
5/046, 47, 48 |
| Zoning: |
CD |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
617 |
| Traffic/Vehicle Count: |
19,600 |
| Area Description: |
This portfolio is located on busy Civic Center Drive less than a half mile to the Maine Turnpike. The area is Augusta’s retail hub including nearby Marketplace at Augusta, UMaine Augusta, and the Augusta Civic Center. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
2 |
| Year Built: |
1972 |
| Year Renovated: |
2007 |
| Total Parking Spaces: |
50 |
| Heat Type: |
Propane, Oil |
| Lot Frontage: |
617 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,355 |
17,761 |
23,783 |
| Median Age: |
44.72 |
43.29 |
44.39 |
| Households: |
683 |
8,302 |
10,826 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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