Live-Work Property with Detached
For Sale
$575,000
405 Western Avenue, Augusta, ME 04330
Commercial Sale, Augusta, ME
Property Size1,779 SF
Lot Size1.30 Acres
Price / SF$323.22
Days on Market93
Property Features for 405 Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Regional Bus. CC
Rooms
Basement
Basement
Unfinished, Full
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
1,779 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4351
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1780
Flooring type
Vinyl, Carpet, Wood, Laminate
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Your Home Sold Guaranteed Realty
Listed By:
Nathan Laflin
(207) 629-9211
Added: Jul 6
Changed: Sep 26
Last Checked: Oct 6 at 12:06AM
MLS# 1670306
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.
Located at 405 Western Avenue in Augusta, this live-work property combines a residence with features suited to office or other approved commercial uses. The 1,779-square-foot home includes wood flooring in much of the interior, a living room, dining room, first-floor office or den, half bath with laundry, three bedrooms, and a full bathroom. A rear deck overlooks the landscaped backyard.
The 1.3-acre parcel has frontage on both Western Avenue and Winthrop Road, with a paved circular driveway, detached garage, and barn providing parking, storage, workshop, or business-support space. The property is zoned Regional Bus. CC and served by public water and public sewer. Built in 1780, the structure has wood-frame construction, wood and vinyl siding, and a shingle roof.
The 1.3-acre parcel has frontage on both Western Avenue and Winthrop Road, with a paved circular driveway, detached garage, and barn providing parking, storage, workshop, or business-support space. The property is zoned Regional Bus. CC and served by public water and public sewer. Built in 1780, the structure has wood-frame construction, wood and vinyl siding, and a shingle roof.
Key Highlights
- 1.3‑acre lot with frontage on both Western Avenue and Winthrop Road
- 1,779‑square‑foot live‑work property in Augusta
- Detached garage and barn provide storage, workshop, or business‑support space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,148
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,779 SF
Gross rent
$38.4K $21.60/SF
− Vacancy
−$4.9K −$2.75/SF
EGI
$33.5K $18.85/SF
− OpEx
−$8.4K −$4.71/SF
NOI
$25.1K $14.14/SF
Area
Kennebec County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Office B
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 4.37%
Second Best
Mixed Use
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 3.19%
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.10M
NOI $185,787 @ 7.0% cap · market cap 32.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - Versatile Augusta property combining residential features with office or other approved commercial-use potential.
Where is this live-work space located?
The property is located at 405 Western Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1.3‑acre lot with frontage on both Western Avenue and Winthrop Road; 1,779‑square‑foot live‑work property in Augusta; Detached garage and barn provide storage, workshop, or business‑support space
