257 Water Street

Office for Sale
Catylist Listing ID: 30138408
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 33,365 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $40.46 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2017

Overview / Comments

We are pleased to offer this rare redevelopment opportunity in the heart of revitalized Downtown Augusta. The building complex consists of four (4) contiguous multi-story buildings totaling 33,365+/- SF with stunning Kennebec River views. All four buildings qualify for State and Federal Historic Tax Credits, making this an ideal value-add development project.
The upper floors of the complex have been recently fully renovated as medical office space with extensive, up-to-date plumbing and electrical services in place, allowing for easy conversion to apartment use. The buildings include 8,270+/- SF of highly visible retail space on Water Street.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11020_00034 00043 00000
Zoning: KBD 1
Property Visibility: Excellent
Highway Access: Minutes from I-95 (Maine Turnpike)
Airports: Augusta State Airport
Site Description: Level, open
Area Description: Augusta is the capital of Maine and is located on the banks of the Kennebec River. The city's population was 19,136 at the 2010 census.
Total Number of Buildings: 4
Number of Stories: 3
Year Built: 1865
Year Renovated: 1995
Roof Type: Flat
Parking Type: Other
Parking Description: Available at adjacent City of Augusta lots
Sprinklers: Other
Heat Type: Natural Gas, Hot Water
Heat Source: Heat Pump
Air Conditioning: Engineered System
Lot Frontage: 400+/- on Water Street
Water Service: Municipal
Sewer Type: Municipal

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

Source

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