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    189 Water St Augusta, ME 04330

    For Sale
    $950,000

    10,000± SF rentable space in Augusta's Water Street District.

    Property size:
    10,000 SF
    Lot size:
    0.23 Acres

    Property Features for 189 Water St

    General Information

    Size
    10,000 SF
    Lot size
    0.23 Acres

    Source: Porta & Company Agent Timothy J. Millett, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic District Retail/Office Opportunity

    Located in Augusta's Water Street Historic District, this property offers approximately 10,000 square feet of rentable first-floor space, with approximately 5,000 square feet currently vacant. An additional 5,000 square feet is leased by Maine Trial Law, PLLC. The property includes an 8,952 square foot lower-level basement space. Constructed in 1900 and extensively renovated in 2009, the building features a ceiling height of over 14 feet and a wraparound deck that overlooks the Kennebec River. The basement area can be used for storage or potentially additional office, gym, or recreation space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.773349
    Latitude
    44.3165491

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    FAQs

    What type of property is this?
    Retail space - 10,000± SF rentable space in Augusta's Water Street District.
    Where is this retail space located?
    The property is located at 189 Water St Augusta, ME.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - 10,000± SF of rentable 1st floor space with **5,000± SF vacant**; - Located in Augusta's Water Street Historic District; - 5,000± SF leased by Maine Trial Law, PLLC
    (207) 713-6995
    Request Owner's contact information
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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
    189 Water St Augusta, ME 04330
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