611 Civic Center DrAugusta, ME 04330

Property Details for 611 Civic Center Dr

Year built

1973

Construction

FRAME

Lot size

0.71 AC

Property size (Sq ft)

1,718 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

AUGU M:00080 B:0009B L:00000

APU

AUGUM00080B0009BL00000

Description

This exceptional commercial land parcel, identified by APN 80/9, 9B & 9C, presents a unique development opportunity in Augusta, Maine. Spanning 0.8 to 1.94 acres, the property boasts a highly desirable location at the well-lit intersection of Route 3 and Civic Center Drive. This strategic positioning ensures exceptional visibility and benefits from significant commuter traffic, making it ideally suited for a variety of commercial uses. Consider drive-thru restaurants, quick-service restaurants (QSRs), gas stations, convenience stores, and more. The site's proximity to key area landmarks further enhances its appeal. It's conveniently located near MaineGeneral Medical Center, the Central Maine Commerce Center, and I-95 Exits 112 & 113, providing easy access to a large customer base and regional transportation networks. The property is zoned RV - Rural Village, offering flexibility for various development plans. The asking price is $995,000. This is a rare chance to acquire a highly visible and strategically located commercial land parcel with the potential for multiple development pads in a thriving Maine community. The property is owned by Bale, LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $417,534

  6.5%

  $385,416

  7%

  $357,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,674

  Geo Method

  $565,674

• Alternative Use

  Use

  Valuation

  Residential

  $325,113

  Hospitality

  $297,802

  Educational

  $247,767

  Medical

  $256,289

  Retail

  $385,416

Location Insight

City

Augusta

County

Kennebec

State

Maine

Latitude

44.371

Longitude

-69.7929

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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