Catylist ID:
#30748942
| Catylist Listing ID: | 30748942 |
| Property Subtypes: | Fashion/Specialty, Grocery-Anchored, Mixed Use, Strip Center |
| Building Size (RSF): | 140,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 10 Acres |
| Sale Price: | $4,000,000 |
| Unit Price: | $28.57 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/2/2024 |
Overview / Comments
|
Pleased to present the sale of the Augusta Plaza at 56-58 Western Avenue in Augusta, Maine (the “Property” or “Center”). This 140,000+/- SF shopping center boasts an excellent location off exit 109A from I-95 in Maine’s Capital City next to the State of Maine government campus and a variety of shopping and restaurants. The Center is situated on 10± paved acres accessed off a traffic light on Western Avenue. There is currently both an end-cap anchor opportunity (85,808+/- SF) and a variety of junior anchor suites available which make this an ideal purchase for companies who prefer to own their real estate and also face a high barrier to entry into markets such as Augusta. Those same availabilities make the opportunity ideal for redevelopment or repositioning within the market. One of the strongest attributes of the Augusta Plaza is its location. The 10± acre developed parcel is directly adjacent to the State of Maine government campus and the Federal Building, with direct traffic light access off of Western Ave (traffic counts in excess of 20,000+/- AADT). Hannaford, Target, Lowe’s, Walgreens and Shaw’s are located on the same retail strip in close proximity to the Property. |
Attachments & Media
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Kennebec |
| Tax ID/APN: | 11020_00027 00195 00000 |
| Zoning: | CB |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino |
| Property Visibility: | Excellent |
| Number of Stories: | 2 |
| Property Condition: | Excellent |
| Parking Description: | Surface |
| Total Parking Spaces: | 392 |
| Lot Frontage: | 1 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,487 | 18,925 | 29,336 |
| Median Age: | 41.85 | 44.21 | 43.87 |
| Households: | 3,782 | 8,802 | 13,174 |
Contact
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