77 Sewall StAugusta, ME 04330

Property Details for 77 Sewall St

Year built

1996

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

20,474 SF

Property type

Office buildings

APN

AUGU M:00027 B:00092 L:00000

APU

AUGUM00027B00092L00000

Description

This exceptional Class A office building, located at 77 Sewall Street in Augusta, Maine, presents a compelling investment opportunity. The three-story structure boasts 21,936 square feet of leasable space, currently fully occupied. A significant portion (approximately 80%) of the tenants are secured by long-term leases with the State of Maine, providing strong and stable income. The building was constructed in 1996 and sits on a one-acre lot zoned for commercial business use. Its prime location offers convenient access to the State Capitol building, enhancing its appeal to government-related businesses. Furthermore, the property enjoys excellent proximity to major transportation arteries, being approximately two miles from Maine Turnpike/I-95, Exit 109A. The asking price is $2,950,000, representing a compelling cap rate of 8.50% and a price per square foot of $134.48. This presents a rare chance to acquire a well-situated, high-performing asset in a desirable Maine location. The property's strong tenancy and strategic location make it an ideal investment for those seeking stable, long-term returns. The building's Class A designation reflects its high-quality construction and modern amenities. This is a turnkey investment opportunity with significant upside potential. The property is situated in Kennebec County, Maine, with a zip code of 04330.

• CAP approach

  CAP return

  Valuation

  6%

  $3,384,964

  6.5%

  $3,124,582

  7%

  $2,901,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,675,133

  Geo Method

  $2,675,133

• Alternative Use

  Use

  Valuation

  Residential

  $3,874,482

  Hospitality

  $3,549,004

  Educational

  $2,952,730

  Medical

  $3,054,279

  Retail

  $4,593,136

Location Insight

City

Augusta

County

Kennebec

State

Maine

Latitude

44.3098

Longitude

-69.7831

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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