Versatile 2-Bedroom Office
347 Civic Center Drive Augusta, ME 04330
For Sale
$349,000
COMMERCIAL - Augusta, ME
Property Size1,490 SF
Lot Size1.50 Acres
Price / SF$234.23
Days on Market13
Property Features for 347 Civic Center Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PD
- Rooms
- Basement
- Basement
- Full
- Standard status
- Active
- Size
- 1,490 SF
- Lot size
- 1.50 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3179
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Hot Water(Heating), Baseboard, Oil
- Water source
- Private, Well
Building Details
- Year built
- 1957
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Dennis Wheelock · License #BR921652
(207) 242-5588
Added: Jul 13
Last Checked: Jul 25 at 4:06AM
MLS# 1647398
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile 2-bedroom, 1-bath property is well suited for a range of uses, including residential investment, professional office, or trades-based business. The property includes an existing pad where a garage was previously located, providing a head start for future development and flexibility to improve the layout.
The site is located at 347 Civic Center Drive in Augusta and benefits from strong visibility along Civic Center Drive in a central Maine retail and commercial corridor. It is also positioned along Augusta’s Route 27 development corridor and is less than one mile from Exit 112 of the Maine Turnpike, with convenient access for clients, employees, and tenants. The area is near several major anchors including The Marketplace at Augusta, the Augusta Civic Center, the University of Maine at Augusta, Walmart, Comfort Inn, Augusta Business Park, and MaineGeneral Medical Center.
The property is listed under PD zoning and sits on approximately 1.5 acres, with an existing structure size of about 1,490 square feet.
The site is located at 347 Civic Center Drive in Augusta and benefits from strong visibility along Civic Center Drive in a central Maine retail and commercial corridor. It is also positioned along Augusta’s Route 27 development corridor and is less than one mile from Exit 112 of the Maine Turnpike, with convenient access for clients, employees, and tenants. The area is near several major anchors including The Marketplace at Augusta, the Augusta Civic Center, the University of Maine at Augusta, Walmart, Comfort Inn, Augusta Business Park, and MaineGeneral Medical Center.
The property is listed under PD zoning and sits on approximately 1.5 acres, with an existing structure size of about 1,490 square feet.
Key Highlights
- 2‑bedroom, 1‑bath property with basement
- Built in 1957
- Construction materials: wood frame with vinyl siding
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $21.60 |
| − Vacancy | −$4.1k | −$2.75 |
| EGI | $28.1k | $18.85 |
| − OpEx | −$7.0k | −$4.71 |
| NOI | $21.1k | $14.14 |
1,490 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$300.9K
$263.3K – $351.1K
NOI $21,063 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 4.16%
Theoretical Best
Warehouse
$2.22M
$1.95M – $2.59M
NOI $155,605 @ 7.0% cap · market cap 44.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - 2-bedroom, 1-bath building with an additional pad site previously used for a garage.
Where is this single family property located?
The property is located at 347 Civic Center Drive Augusta, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath property with basement; Built in 1957; Construction materials: wood frame with vinyl siding
