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Mixed-Use Medical Office Building
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147 Riverside Dr, Augusta, ME 04330

Single building with two medical office suites and two apartments, built in 1950 on a 0.61-acre lot.

Property SizeContact for details
Days on Market123

Property Features for 147 Riverside Dr

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Magnusson Balfour Commercial
Listed By: Scott Balfour · License #ME DB106566
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 9:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Magnusson Balfour Commercial

Investment Insights

Based on property information with market context.

147 Riverside Dr is a mixed-use building built in 1950 that currently includes two medical office spaces and two apartments. The first floor provides office suite space with lobbies and reception areas, multiple exam rooms, storage/file space, and bathrooms. Office 1 is described as having an inviting lobby area, reception and file room, 3–4 exam rooms, and 2 baths. Office 2 is described as having an inviting lobby area, 2 offices, 3 exam rooms, storage/file room, and 2 baths. The second floor includes two apartments, with both units offering two bedrooms, an eat-in kitchen, a bath, and additional features noted as a porch for Apt. 1 and a sun room for Apt. 2.

The property is located on highly visible Riverside St, southwest from Route 3 of I-295, which then leads to downtown Augusta.

Current information provided includes market rent figures for both office suites: Office 1 at $2,800 per month and Office 2 at $1,800 per month, along with approximate office areas of 2,427+/- sq. ft. and 2,080+/- sq. ft., respectively.

Key Highlights

  • Mixed‑use building at 147 Riverside Dr with 2 medical office suites and 2 apartments, built in 1950 on a 0.61‑acre lot.
  • First‑floor Office 1 includes lobby/reception/file room plus 3–4 exam rooms and 2 baths; market rent $2,800/month; 2,427+/- SF.
  • First‑floor Office 2 includes lobby plus 2 offices, 3 exam rooms, storage/file room, and 2 baths; market rent $1,800/month; 2,080+/- SF.

Property Analytics

Current Use

Kennebec Medical Rehabilitation Physician Sandra Picard Physician SaVida Health Augusta Medical Clinic Jacqueline Robilliard Physician Mark Lim, MD Pediatrician

Suggested Use

Top Pick Bakery Nail Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

187
Businesses Nearby
Balanced
Demand for This Use

Demographics for 04330, ME

26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

  • Animal Wellness Center 95 Northern Ave, Augusta, ME 04330

Frequently Asked Questions

What type of property is this?
Medical Office Space - Single building with two medical office suites and two apartments, built in 1950 on a 0.61-acre lot.
Where is this medical office space located?
The property is located at 147 Riverside Dr Augusta, ME.
What are key features of this property?
This property features: Mixed‑use building at 147 Riverside Dr with 2 medical office suites and 2 apartments, built in 1950 on a 0.61‑acre lot.; First‑floor Office 1 includes lobby/reception/file room plus 3–4 exam rooms and 2 baths; market rent $2,800/month; 2,427+/- SF.; First‑floor Office 2 includes lobby plus 2 offices, 3 exam rooms, storage/file room, and 2 baths; market rent $1,800/month; 2,080+/- SF.
(207) 774-7715 Call to check price and availability
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