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    5 Reynolds Ln Augusta, ME 04330

    Sponsored
    For Sale
    $1,299,000

    Prime Augusta location, large buildings, waterfront access.

    Property size:
    11,580 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Augusta commercial property boasts 11,580 square feet of versatile space situated on a 2.8-acre lot with 450 feet of private waterfront access. The property includes a substantial residential home and two warehouses, offering a unique blend of residential and commercial potential. Approximately 10,000 square feet of the total building area is heated, providing ample space for a variety of uses. The property's location on busy Route 3 ensures high visibility and accessibility. Potential uses are numerous and include, but are not limited to, storage units, an auto shop, office space, manufacturing, or shipping. The paved parking area provides convenient parking for employees and customers. The existing residential home presents additional opportunities for on-site management or residential rental income. Prospective buyers are advised to independently verify land use with the town of Augusta. This property's unique combination of size, location, and waterfront access presents a rare investment opportunity. A must-see to fully appreciate its potential. For further details regarding the residential component, please refer to MLS 1606922.

    Property Features for 5 Reynolds Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,580 SF
    Lot Size
    121,968 SF

    Building Details

    Year Built
    1989
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Auto Repair Shop Gym & Fitness Skin Care Clinic Electrical Service Computer & Electronic Repair Pawn Shop Tech Support Center Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.64595
    Latitude
    44.34992

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Augusta location, large buildings, waterfront access.
    Where is this commercial real estate located?
    The property is located at 5 Reynolds Ln Augusta, ME.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (207) 873-7400
    Request Owner's contact information
    5 Reynolds Ln 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
    5 Reynolds Ln Augusta, ME 04330
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