191 Water St Augusta, ME 04330

This exceptional commercial property, located at 191 Water Street in Augusta, Maine's historic Water Street District, presents a unique investment opportunity. The 18,952 square foot building, originally constructed in 1900 and extensively renovated in 2009, combines retail and office space. The property includes a gas station component and offers approximately 10,000 square feet of rentable first-floor space, with 5,000 square feet currently leased by Maine Trial Law, PLLC at a rate of $10.00 per square foot, NNN. An additional 5,000 square feet of first-floor space is currently vacant, offering immediate potential for increased revenue. A substantial 8,952 square foot lower-level basement provides ample storage, and could be developed into additional office space, a gym, or recreational area. The building boasts impressive 14+ foot ceilings and a wraparound deck overlooking the Kennebec River. The property sits on a 0.23-acre lot and is zoned KBD1 - KENNEBEC BUSINESS 1. The asking price is $950,000, representing a price per square foot of $50.13. This property offers a blend of historical charm, modern updates, and significant income potential in a desirable Augusta location.