For Sale
$425,000

74 Winthrop St Augusta, ME 04330

Prime Augusta location, 13 offices, strong rental income.

Overview

Added:
Feb 3
Days on market:
82
This well-maintained 6,868 square foot office building at 74 Winthrop Street in Augusta, ME presents a compelling investment opportunity. Situated on a 0.35-acre lot, the property boasts convenient access to downtown Augusta, Western Avenue, the Interstate, and the Augusta airport. The building features 13 offices, all currently leased with a strong rental history generating an annual income of $79,080. The building has been under the same ownership for nearly 45 years, showcasing its enduring appeal and stable tenancy. Many long-term tenants occupy the space, indicating a reliable income stream. The building offers a mix of office spaces, including a spacious second-floor corner suite. Several offices feature high ceilings and hardwood flooring, contributing to the building's elegant character. The property benefits from ample parking and convenient access from both Winthrop and Court Streets. Natural gas heating further enhances the building's efficiency and cost-effectiveness. This property is ideal for both owner-occupiers seeking a prestigious location and investors looking for a stable, income-producing asset. The building's attractive features, combined with its prime location and strong rental history, make it a highly desirable investment.

Property Details for 74 Winthrop St

Property type
Office properties
Square Feet
6,868 SF
Year Built
1828
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Augusta
County
Kennebec
State
Maine
Latitude
44.31532
Longitude
-69.78048

FAQs

What type of property is this?
Office property - Prime Augusta location, 13 offices, strong rental income.
Where is the office property located?
The property is located at 74 Winthrop St Augusta, ME.
What is the asking price?
The asking price for this property is $425,000.
How can I contact the broker?
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74 Winthrop St
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