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Mixed-Use Property With Medical Office
For Sale
$625,000

12 Spruce Street, Augusta, ME 04330

Includes vacant medical space, office units, apartments, and paved on-site parking.

Property Size8,456 SF
Days on Market768

Property Features for 12 Spruce Street

General Information

Standard status Active
Size 8,456 SF
Property subtype Commercial
Zoning BP

Units

Unit Mix 1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units 2
Office Units 7

Amenities

paved parking lot

Building Details

Building Size 8,456 SF
Year Built 1835
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: J T Leahy Real Estate
Listed By: Jonathan Leahy
Source: Startpoint
Added: Jul 16, 2024 Changed: Aug 16 Last Checked: Aug 22 at 1:49PM

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 J T Leahy Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property at 12 Spruce Street in Augusta combines seven commercial office units with two residential apartments. The residential component includes a second-floor three-bedroom, one-and-a-half-bath apartment and an updated one-bedroom, one-bath apartment. Mechanical systems have been updated, and the building includes a large paved parking area.

A 2,514-square-foot medical office area is currently vacant and provides additional commercial space within the building. The property is zoned BP and was built in 1835, offering a combination of office and residential occupancy in a single asset.

Key Highlights

  • Seven commercial office units and two residential apartments
  • 2,514 SF of currently vacant medical office space
  • Second‑floor three‑bedroom, 1.5‑bath apartment

Property Analytics

Current Use

Literacy Volunteers of Greater ... Social Service Agency Robert A. Riley, PsyD Medical Clinic Capital Macular and Uveitis Ophthalmologist Hand of Mercy Health ... Crisis Center The Brain Clinic of Central ... Physician

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Cafe & Coffee Shop Storage Facility

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

Lease Details

7
Office units
2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,123
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes vacant medical space, office units, apartments, and paved on-site parking.
Where is this mixed-use property located?
The property is located at 12 Spruce Street Augusta, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Seven commercial office units and two residential apartments; 2,514 SF of currently vacant medical office space; Second‑floor three‑bedroom, 1.5‑bath apartment
More about this property
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