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    Riverside Dr Augusta, ME 04330

    Sponsored
    For Sale
    Contact for pricing

    72 acres, diverse zoning, river frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 72-acre parcel, part of a larger 169-acre property, is available for lease in Augusta, Maine. Situated along the picturesque Riggs Branch River, this property boasts nearly half a mile of stunning river frontage. A significant feature is the presence of a train trestle crossing the river. The property's zoning presents exciting development possibilities. A portion falls within the PD2 zone, which, according to Augusta's Land Use Codes, permits a wide range of uses including, but not limited to, business professional offices, marijuana facilities, and bed and breakfasts. Another portion is zoned RBV, potentially allowing for similar uses along with hotels, social services, and garden centers. Prospective lessees are responsible for verifying all zoning information and permitted uses with the City of Augusta. The property's unique characteristics and flexible zoning make it an attractive opportunity for a variety of commercial ventures. Please note that third-party approvals may be required. The lease price is $1500. The exact square footage is not currently available.

    Property Features for Riverside Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,136,320 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6936
    Latitude
    44.46125

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    FAQs

    What type of property is this?
    Commercial real estate - 72 acres, diverse zoning, river frontage.
    Where is this commercial real estate located?
    The property is located at Riverside Dr Augusta, ME.
    What is the asking price?
    The asking price for this property is $1,500.
    Request Owner's contact information
    Riverside Dr 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
    Riverside Dr Augusta, ME 04330
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