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Joshua Cousineau

josh@cousineaumaine.com +1(207) 212-1523

Listed by John Blouin LAER

$ 1,750,000

Est. payment -/mo

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Active

5 Community DR #A1 Augusta, ME 04330

13,446 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 13,446 sqft

Price per Sqft $130

MLS Listing ID 1614192

HOA Y/N No

Year Built 2000

Tax Year 2023

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type Office

Source Maine Listings

Land Area 13446

Property Description

. Once every 25 years an opportunity like this comes available . Augusta is the place to be and this location is perfect! Present 2025 rental income is $20,931 per month or $257.832 per year 2024 annual expenses were $110,834 . Net income of $146,998. Long term tenants in place . Cap rate is 8.39 percent. Location Location-Location! First Class commercial office building at the crossroads of commerce, adjacent to the Mall at Augusta, The University of Maine at Augusta and The Augusta Civic Center. Over 13,000 square feet of prime office space. Long term tenants with leases in 12 different office suites. A great collection of professional tenants that share a conference area, a fully equipped gym, a customer waiting area and bathrooms. First floor office space with multiple entrances and plenty of parking. This premium office building is owned by four impressive owners and the building is a condo with great exposure and large traffic count. This property is 88 % leased out and an additional three suites are available to lease out for additional income This location is ideal . Original owner has had the property since it was built in 2000

Location

State ME

County Kennebec

Zoning CD

Direction From Hallowell, Follow State St to Mt Vernon Ave, to Civic Center Drive. Property is large brick building in front of the Civic Center.

Interior

Cooling Wall/Window Unit(s)

Flooring Tile, Laminate, Carpet

Equipment Internet Access Available

Exterior

Parking Features 21+ Spaces, On Site

Building

Lot Description Near Turnpike/Interstate, Near Airport, Near Shopping, Office Park

Story 1

Foundation Slab

Others

Tax ID AUGU-000005A-000001

NEARBY SCHOOLS & PROPERTIES

Joshua Cousineau

Broker Associate | License ID: BA926319

+1(207) 212-1523

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