189 Water Street - Downtown Augusta turnkey office space

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30541096
Property Subtypes: Executive Suites, Medical, Flex Space, Office Building, Other
Building Size (RSF): 10,000 SF
Gross Building Area: 18,952 SF
Gross Land Area: 0.23 Acres
Sale Price: $1,000,000
Unit Price: $100 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 189 Water St
Class of Space: Class B
Usable Size (USF): 10,000 SF
Sale Terms: Cash to Seller
Last Updated: 9/19/2020

Overview / Comments

Owner encourages interested parties to make an offer. 189 Water Street is a 1-story turn-key office space with a spectacular view of the Kennebec River. Outfitted with a wrap-around wooden deck, this 10,000 +/- sf building is move-in ready for one large office user or two tenants with shared bathroom facilities. Two basements provide ample storage or potentially additional office space. Heat converted to natural gas in 2014. Historic uses include office and retail, formerly the site of J.C. Penny. 189 Water Street can be sold by itself, or contact broker for more information on the Augusta Opportunity Zone portfolio, including 187, 189, 211, and 244 Water Street.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Taxing Authority: City of Augusta
Tax ID/APN: 00034 00029 00000
Zoning: KBD1
Property Located Between: 187 Water Street and Downtown Augusta community garden/Augusta City Parking (surface)
Property Visibility: Excellent
Highway Access: From I-95: Take Exit 109/U.S. 202 E toward Augusta. Continue on US-202 E/Western Ave for about 1.5 miles miles. At the traffic circle, take the 3rd exit onto Water St (right lane). Destination will be on the right in about .4 miles.
Airports: Portland International Jetport, KWVL - Waterville Robert LaFleur Airport
Site Description: Fantastic water views of the Kennebec River from the wraparound deck. Lot includes water frontage, but must be double checked with City.
Area Description: Get in on the ground floor of downtown Augusta’s revitalization! Maine’s Capital City has recently reverted Water St back to a two-way road, increasing business and retail activity. Downtown investments include new housing units and restaurants such as Cushnoc Brewing, The Oak Table & Bar and soon to be State Lunch. Water St is also home to the University of Maine at Augusta Architecture and Art Programs, the offices of Women, Work, and Community, and an art gallery.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Year Built: 1900
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Brick, Concrete
Exterior Description: Facade includes 2 entrances to the building from the street.
Parking Type: Surface
Parking Description: City provides parking on street and in centralized lots
Sprinklers: Wet
Heat Type: Natural Gas, Oil
Interior Description: Interior delineated for a number of offices and central call center area. The space
Zoning Description: KBD1 zoning allows for a variety of uses, including medical office, inn, convenience store, and retail.
Lot Frontage: 75
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Easement to 187 Water Street for access to staircase. Front Street, which runs parallel to Water Street at a lower grade (closer to the river) runs underneath the building, separating the basement into 2 distinct sections.
Land Ownership: Owned

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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

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