Commercially Zoned
2 Howard Street, Augusta, ME 04330
For Sale
$425,000
Commercial Sale, Augusta, ME
Property Size2,988 SF
Lot Size1.00 Acre
Price / SF$142.24
Days on Market179
Property Features for 2 Howard Street
General Information
Property type
Property subtype
Zoning
Rooms
Parking features
Basement
Accessibility
Lot features
Standard status
Size
Lot size
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
John Lawrence · License ME #3311692
(207) 479-8888
Added: May 17
Changed: Oct 27
Last Checked: Nov 11 at 12:06PM
MLS# 1600764
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,988-square-foot church facility occupies a 1-acre parcel and dates to 1913. The building uses wood-frame and stucco construction, with carpet and vinyl flooring, a shingle roof, and basement space. Heating includes forced air, heat pump, electric, and oil systems, while cooling is provided by a heat pump. An accessible approach with ramp serves the property.
The site is commercially zoned and currently functions as a church. Public water and public sewer serve the property. Its setting includes views toward the Kennebec River, Old Fort Western, City Hall, and downtown Augusta, with access to I-95, the Capitol Complex, and U.M.A. On-street parking is available.
The site is commercially zoned and currently functions as a church. Public water and public sewer serve the property. Its setting includes views toward the Kennebec River, Old Fort Western, City Hall, and downtown Augusta, with access to I-95, the Capitol Complex, and U.M.A. On-street parking is available.
Key Highlights
- 1‑acre commercially zoned parcel with a 2,988‑square‑foot building
- Church facility constructed in 1913 with wood‑frame and stucco construction
- Views toward the Kennebec River, Old Fort Western, City Hall, and downtown Augusta
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,825
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,500
$616.5K
Cap Rate 7%
$440,357
$440.4K
Cap Rate 9%
$342,500
$342.5K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$53.8K $18.00/SF
− Vacancy
−$4.5K −$1.49/SF
EGI
$49.3K $16.51/SF
− OpEx
−$18.5K −$6.19/SF
NOI
$30.8K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,500
Cap Rate 7%
$440,357
Cap Rate 9%
$342,500
Alternative Uses
Best Use
Mixed Use
$440.4K
$385.3K – $513.8K
NOI $30,825 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$849.2K
$743.1K – $990.8K
NOI $59,446 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Church & religious facility - A 1913 wood-frame and stucco facility with public utilities, basement space, and an accessible ramp approach.
Where is this church & religious facility located?
The property is located at 2 Howard Street Augusta, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1‑acre commercially zoned parcel with a 2,988‑square‑foot building; Church facility constructed in 1913 with wood‑frame and stucco construction; Views toward the Kennebec River, Old Fort Western, City Hall, and downtown Augusta
