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    314-320 Water St St Augusta, ME 04330

    Sponsored
    For Sale
    $775,000

    Fully Leased Class B Office, Prime Location

    Property size:
    14,862 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional four-story Class B office building, located at 314-320 Water Street in the heart of Augusta, Maine, presents a compelling investment opportunity. Spanning 14,862 square feet on a 0.27-acre lot, the property boasts a functional layout with each of its four floors offering approximately 2,200 square feet of usable space. Currently fully leased, this building ensures a steady stream of income from day one. Recent updates throughout create a modern and efficient office environment, appealing to a wide range of tenants. The building's design incorporates both front and rear entrances for convenient access, complemented by an elevator servicing all four floors and the basement. Its prime downtown location offers easy access to a variety of amenities, including local restaurants and the state house. A significant advantage is the inclusion of free downtown parking, a highly sought-after feature in this area. The asking price for this well-maintained and strategically positioned office building is $775,000. This property represents a rare opportunity to acquire a stable, income-generating asset in a thriving downtown setting. The building's modern amenities, convenient location, and ample parking make it an attractive proposition for both investors and tenants.

    Property Features for 314-320 Water St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,862 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1894
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.77479
    Latitude
    44.31429

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased Class B Office, Prime Location
    Where is this office property / space located?
    The property is located at 314-320 Water St St Augusta, ME.
    What is the asking price?
    The asking price for this property is $775,000.
    (207) 248-6044
    Request Owner's contact information
    314-320 Water St St 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
    314-320 Water St St Augusta, ME 04330
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