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Downtown Office Building with Elevator

314-320 Water Street, Augusta, ME 04330

For Sale
$775,000

The fully leased Class B property has front and rear entry points and an elevator serving the basement through the fourth floor.

Property Size14,862 SF
Price / SF$52.15
Days on Market685

Property Features for 314-320 Water Street

General Information

Standard status Active
Size 14,862 SF
Class Class B
Elevators Yes
Property subtype Commercial
Zoning KBD1
Occupancy 100%

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $16,292

Building Details

Building Size 14,862 SF
Year Built 1894
Buildings 1
Stories 4
Listing Agency: Portside Real Estate Group
Listed By: Emily Theriault · License ME BR929341
Source: Integrityhomesrealestategroup
Added: Dec 27, 2024 Changed: Nov 11 Last Checked: Nov 11 at 2:06AM

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 Portside Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

This 14,862-square-foot, Class B office building dates to 1894 and is fully leased. The property has four floors, front and rear entrances, and an elevator connecting the basement with the fourth floor. Recent updates are also noted, though specific improvements are not detailed.

Situated in downtown Augusta, the building is near local eateries, other amenities, and the state house. Free downtown parking is identified as an additional feature. The property is zoned KBD1.

Key Highlights

  • 14,862‑square‑foot office building, built in 1894
  • Fully leased Class B property with four floors
  • Elevator access from the basement through the fourth floor

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Electrical Service Cafe & Coffee Shop HVAC 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.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,515
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

Average Price Trend$/SF for Office buildings in Kennebec County, ME

$125 Jul
$142 Aug
$143 Sep
$140 Oct

Properties on Market for Office buildings in Kennebec County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - The fully leased Class B property has front and rear entry points and an elevator serving the basement through the fourth floor.
Where is this office building located?
The property is located at 314-320 Water Street Augusta, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 14,862‑square‑foot office building, built in 1894; Fully leased Class B property with four floors; Elevator access from the basement through the fourth floor
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