For Sale
$800,000

211 Water St Augusta, ME 04330

Historic District, River Views, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional five-story building, located at 211 Water Street in Augusta, Maine's historic Water Street District, offers a unique blend of commercial and residential opportunities. Boasting a total of 20,800 square feet on a 0.18-acre lot, this property presents significant upside. The ground floor encompasses approximately 7,113 square feet, currently leased to SGC Engineering under a triple-net lease (NNN). This provides immediate and stable income. Above the ground floor are two sizable, approximately 3,000 square foot floors, currently in shell condition, presenting a prime opportunity for residential conversion. These upper floors offer expansive potential for multifamily development, capitalizing on the desirable downtown location and stunning Kennebec River views. The building benefits from numerous recent mechanical and structural improvements, ensuring a solid foundation for future endeavors. Zoned KBD1 - KENNEBEC BUSINESS 1, this property is ideally situated in a vibrant and growing area. The asking price for this remarkable mixed-use investment is $800,000. Don't miss this chance to acquire a prime piece of Augusta real estate with significant income potential and substantial upside.

Highlights

  • Prime Augusta, ME location in the Water Street Historic District.
  • 20,800 SF, five-story building in Downtown Augusta overlooking the Kennebec River.
  • 7,113 SF ground floor, NNN leased to SGC Engineering.
  • Two 3,000 SF upper floors, shell condition, ideal for residential conversion.
  • Significant recent mechanical and structural improvements.
  • $800,000 asking price.

Property Details for 211 Water St

Property type
Retail properties, Restaurants
Square Feet
20,800 SF
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Augusta
County
Kennebec
State
Maine
Latitude
44.3162029
Longitude
-69.7734859

FAQs

What type of property is this?
Retail property - Historic District, River Views, High Potential
Where is the retail property located?
The property is located at 211 Water St Augusta, ME.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime Augusta, ME location in the Water Street Historic District.; 20,800 SF, five-story building in Downtown Augusta overlooking the Kennebec River.; 7,113 SF ground floor, NNN leased to SGC Engineering.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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211 Water St
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