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    74 Winthrop St Augusta, ME 04330

    Sponsored
    For Sale
    $425,000

    Prime Augusta location, 13 offices, strong rental income.

    Property size:
    6,868 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This well-maintained 6,868 square foot office building at 74 Winthrop Street in Augusta, ME presents a compelling investment opportunity. Situated on a 0.35-acre lot, the property boasts convenient access to downtown Augusta, Western Avenue, the Interstate, and the Augusta airport. The building features 13 offices, all currently leased with a strong rental history generating an annual income of $79,080. The building has been under the same ownership for nearly 45 years, showcasing its enduring appeal and stable tenancy. Many long-term tenants occupy the space, indicating a reliable income stream. The building offers a mix of office spaces, including a spacious second-floor corner suite. Several offices feature high ceilings and hardwood flooring, contributing to the building's elegant character. The property benefits from ample parking and convenient access from both Winthrop and Court Streets. Natural gas heating further enhances the building's efficiency and cost-effectiveness. This property is ideal for both owner-occupiers seeking a prestigious location and investors looking for a stable, income-producing asset. The building's attractive features, combined with its prime location and strong rental history, make it a highly desirable investment.

    Property Features for 74 Winthrop St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,868 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1828
    Property Profile Location Intelligence

    Current Use by Public Records

    Sally J. Robinson, ... Social Worker Charles L Robinson ... Rare Book Store Black Bear Support ... Corporate Office Lacasse Phlebotomy Services Home Health Care Service Palmer Accounting LLC Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.78048
    Latitude
    44.31532

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Augusta location, 13 offices, strong rental income.
    Where is this office property / space located?
    The property is located at 74 Winthrop St Augusta, ME.
    What is the asking price?
    The asking price for this property is $425,000.
    (207) 623-1123
    Request Owner's contact information
    74 Winthrop 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
    74 Winthrop St Augusta, ME 04330
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