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5 Community Drive unit: A1 A1, Augusta, ME 04330

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For Sale

$1,750,000

13,446 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $130.15
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

. 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
MLS# 1614192

Courtesy Of Vallee Harwood & Blouin Real Estate
103 Water St, Hallowell, ME 04347
(207) 622-2220

Property Features

  • Age
    21-30 Years Old
  • Exterior Type
    Brick
  • Floor Covering
    Laminate, Tile, Carpet
  • Lot Size
    0.75 Acres

Map and Directions

Directions to 5 Community Drive unit: A1 A1, Augusta, ME 04330

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.