72 Cony StAugusta, ME 04330

Property Details for 72 Cony St

Year built

1978

Construction

FRAME

Lot size

0.96 AC

Property size (Sq ft)

1,200 SF

Property type

Banks

APN

AUGU M:00038 B:00162 L:00000

APU

AUGUM00038B00162L00000

Description

This exceptional 0.96-acre commercial lot, located at 72 Cony Street in Augusta, Maine, presents a unique investment opportunity. The property boasts a highly visible location on a rotary in the heart of downtown Augusta, experiencing an average daily traffic count exceeding 20,000 vehicles. The existing 2,780 square foot building, formerly a credit union, offers a versatile layout including multiple offices, a secure bank vault, and a convenient drive-thru window. This adaptable space is ideal for a variety of commercial uses, benefiting from its prime location and high traffic volume. The property's address is 72 Cony Street, Augusta, ME 04330, within Kennebec County. The asking price for this remarkable property is $695,000. Its strategic location and existing infrastructure make it an attractive prospect for businesses seeking a prominent presence in a thriving downtown area. The property is zoned for commercial use and offers significant potential for redevelopment or continued operation as a commercial space. Don't miss this chance to acquire a highly visible and well-situated commercial property in the vibrant city of Augusta.

• CAP approach

  CAP return

  Valuation

  6%

  $291,642

  6.5%

  $269,208

  7%

  $249,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,116

  Geo Method

  $395,116

• Alternative Use

  Use

  Valuation

  Residential

  $227,087

  Hospitality

  $208,010

  Educational

  $173,062

  Medical

  $179,014

  Retail

  $269,208

Location Insight

City

Augusta

County

Kennebec

State

Maine

Latitude

44.316

Longitude

-69.7688

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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