123 Civic Center DrAugusta, ME 04330

Property Details for 123 Civic Center Dr

Year built

1999

Construction

STEEL FRAME

Lot size

1.70 AC

Property size (Sq ft)

3,257 SF

Property type

Turn key restaurants

APN

AUGU M:00005 B:0050A L:00000

APU

AUGUM00005B0050AL00000

Description

This exceptional retail property, located at 123 Civic Center Drive in Augusta, Maine, presents a unique investment opportunity. Boasting a generous 3,257 square feet of space, this property sits on a sizable 1.7-acre lot, offering ample room for expansion, outdoor displays, or additional parking. The strategic location on Civic Center Drive ensures high visibility and accessibility, placing your business in the heart of Augusta's commercial activity. The asking price of $1,600,000 reflects the significant potential this property offers for a variety of retail ventures. The substantial lot size provides flexibility for future development or adaptation to evolving business needs. This property is ideal for businesses seeking a prominent presence in a thriving Maine community. Its size and location make it suitable for a wide range of retail concepts, from established brands to ambitious startups. The substantial square footage allows for diverse layouts and configurations, catering to various business requirements. Serious inquiries are encouraged to explore this exceptional retail opportunity in Augusta, Maine. The property's prime location and generous size offer a compelling investment proposition for discerning buyers. Don't miss this chance to secure a valuable asset in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $791,565

  6.5%

  $730,675

  7%

  $678,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,072,410

  Geo Method

  $1,072,410

• Alternative Use

  Use

  Valuation

  Residential

  $616,352

  Hospitality

  $564,575

  Educational

  $469,720

  Medical

  $485,874

  Retail

  $730,675

Location Insight

City

Augusta

County

Kennebec

State

Maine

Latitude

44.3377

Longitude

-69.7918

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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