249 Western Ave, Augusta, ME
28,000 SF office building in central Maine for sale.
- Added:
- Jun 17, 2025
- Days on Market:
- 359
- Last Refresh:
- May 20 at 8:38 pm
Property Features for 249 Western Ave
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 1.84 Acres
- Property subtype
- OFFICE
Listing agent Charles Hippler (202) 530-2708
Listing office CORE (202) 530-2708
Listing date Jun 17, 2025
Source Moodyscre
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 CORE
HighLights
- High‑visibility location on Western Avenue with traffic counts exceeding 20,000 vehicles daily.
- 28,000 SF of professional office space divisible for multi‑tenant use.
- Less than one mile from I‑95, providing excellent regional accessibility.
- Proximity to Maine State House and downtown Augusta.
- Ample on‑site parking.
- Surrounded by major national retailers and institutions.
Overview
Local 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 | $302.4k | $21.60 |
| − Vacancy | −$38.5k | −$2.75 |
| EGI | $263.9k | $18.85 |
| − OpEx | −$66.0k | −$4.71 |
| NOI | $197.9k | $14.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Kennebec
- State
- Maine
- Longitude
- -69.8027
- Latitude
- 44.3153