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    490-497 Old Belgrade Rd Augusta, ME 04330

    For Sale
    $179,000

    COMMERCIAL - Augusta, ME

    Lot size:
    0.96 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 490-497 Old Belgrade Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    Lot size
    0.96 Acres

    Utilities

    Sewer type
    Septic Needed

    Vallee Harwood & Blouin Real Estate (207) 622-2220 [email protected]

    Listing agent John Blouin (207) 622-2220

    Listing date Jul 3, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Augusta Commercial Land Opportunity

    This 0.96-acre commercial land in Augusta, Maine, presents an opportunity for business or multi-unit development. The property is already approved for the construction of two duplexes. The land has been prepared for future development plans. It is located one mile from Maine General and the Cancer Center, and just 1/4 mile from Route 27, with the turnpike three miles away. The location offers access to public sewer and water. The property's zoning allows for various possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Pharmacy Skin Care Clinic HVAC Service Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.791776
    Latitude
    44.3701344

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    FAQs

    What type of property is this?
    Commercial land - Approved commercial land for business or multi-unit building in Augusta.
    Where is this commercial land located?
    The property is located at 490-497 Old Belgrade Rd Augusta, ME.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Approved for two duplexes, offering immediate development potential.; - Prime location: Just 1 mile to Maine General and Cancer Center, and 0.25 miles to Route 27.; - Ideal for business or multi-unit development.
    (207) 622-2220
    Request Owner's contact information
    490-497 Old Belgrade Rd Augusta, ME 04330
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    Augusta, ME 04330
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490-497 Old Belgrade Rd Augusta, ME 04330
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