Two-Story Office
2386 North Belfast Avenue Augusta, ME 04330
For Sale
$379,900
Well-maintained two-story office building with flexible layouts, reception space, and separate second-floor studio entry.
Property Size1,237 SF
Price / SF$307.11
Days on Market100
Property Features for 2386 North Belfast Avenue
General Information
Standard status
Active
Size
1,237 SF
Property subtype
Office
Building Details
Year Built
1939
Listing Agency:
Sprague & Curtis Real Estate
(207) 623-1123
Listed By:
Lori Dube
(207) 623-1123
Source:
Xome
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 29 at 4:45AM
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 Sprague & Curtis Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-story office building offers flexible layouts for a range of professional uses. The first floor features a bright entryway, a reception area, two private offices, a kitchen, a half bathroom, and hardwood flooring. The second floor includes a studio space with a kitchenette, a three-quarter bathroom, and a private exterior entrance. Interior access from the first floor could be converted, providing options for how the space is configured.
Located at 2386 North Belfast Avenue in Augusta, the property is positioned for visibility and exposure in a high-traffic area. The offering also includes ample parking and strong curb appeal, with convenient access to downtown, the hospital, the interstate, and local amenities.
For tenants, owners, or investors seeking an office property with multiple functional spaces, the building’s combination of reception and private offices on the first floor, along with the self-contained second-floor studio setup, can support everything from professional services to administrative operations. The maintained condition and documented improvements over the years add practicality for an owner-occupant or a buyer looking for a professional office asset with adaptable configuration possibilities.
Located at 2386 North Belfast Avenue in Augusta, the property is positioned for visibility and exposure in a high-traffic area. The offering also includes ample parking and strong curb appeal, with convenient access to downtown, the hospital, the interstate, and local amenities.
For tenants, owners, or investors seeking an office property with multiple functional spaces, the building’s combination of reception and private offices on the first floor, along with the self-contained second-floor studio setup, can support everything from professional services to administrative operations. The maintained condition and documented improvements over the years add practicality for an owner-occupant or a buyer looking for a professional office asset with adaptable configuration possibilities.
Key Highlights
- Well‑maintained two‑story office building built in 1939
- First‑floor office includes reception area, 2 private offices, kitchen, 1/2 bath, and hardwood flooring
- Second‑floor studio space with kitchenette and 3/4 bath, plus a private exterior entrance
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $21.60 |
| − Vacancy | −$3.4k | −$2.75 |
| EGI | $23.3k | $18.85 |
| − OpEx | −$5.8k | −$4.71 |
| NOI | $17.5k | $14.14 |
1,237 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$249.8K
$218.6K – $291.4K
NOI $17,486 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.85M
$1.61M – $2.15M
NOI $129,184 @ 7.0% cap · market cap 34.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building with flexible layouts, reception space, and separate second-floor studio entry.
Where is this office building located?
The property is located at 2386 North Belfast Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Well‑maintained two‑story office building built in 1939; First‑floor office includes reception area, 2 private offices, kitchen, 1/2 bath, and hardwood flooring; Second‑floor studio space with kitchenette and 3/4 bath, plus a private exterior entrance
