Olde Federal Building

Office for Sale
Catylist Listing ID: 30138389
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 41,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 Acres
Sale Price: $2,175,000
Unit Price: $52.79 PSF
Property Use Type: Investment
Building Name: Olde Federal Building
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2017

Overview / Comments

We are pleased to offer for sale the landmark Olde Federal Building, located in the heart of the revitalized Downtown District of Augusta, Maine. The Olde Federal Building is a 41,200+/- SF multi-tenanted office and mixed-use property that is just off of Western Avenue and minutes from I-95. The building overlooks the Kennebec River and Augusta Waterfront, it is walking distance from Key Plaza and the new State Courthouse, and just a short drive to the State Government campus. The Olde Federal Building is listed on the National Historic Register and is eligible for State and Federal Historic Tax Credits, making this a unique redevelopment or investment opportunity.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11020_00033 00279 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: 1
Number of Stories: 3
Year Built: 1890
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Granite
Parking Type: Other
Parking Description: 14 on-site dedicated visitor spaces, employee parking available through Augusta Parking District in proximate lots
Passenger Elevators: 1
Heat Type: Natural Gas, Hot Water
Heat Source: Other
Air Conditioning: Engineered System
Zoning Description: KBD 1
Lot Frontage: 340' on Water Street
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,976 17,075 28,465
Median Age: 38.92 43.99 43.99
Households: 3,379 8,101 12,799

Source

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