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333 Water St, Augusta, ME 04330

Adaptive-reuse candidate with residential and commercial configurations, office areas, and direct river access.

Property Size28,862 SF
Price / SF$24.22
Days on Market5

Property Features for 333 Water St

General Information

Standard status Active
Size 28,862 SF
Property subtype Hospitality, Mixed Use, Multifamily, Retail
Zoning Kennebec Business 1
Investment Type Redevelopment

Amenities

large hall
restaurant space
multiple office spaces
walkout basement

Building Details

Year Built 1900
Buildings 1
Stories 5
Listing Agency: EXP Realty
Listed By: Collin Francoeur · License #011070
Source: Crexi
Added: Aug 27 Changed: Aug 31 Last Checked: Aug 31 at 8:27AM

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 EXP Realty

Investment Insights

Based on property information with market context.

Built in 1900, this 28,862-square-foot property combines historic character with a varied commercial and residential layout. The building is listed on the historic register and may qualify for state and federal historic tax credits. Interior features include a large hall with 20-foot ceilings, restaurant space, multiple offices, and a walkout basement that reaches the Kennebec River. The property was previously permitted for 18 residential units and 2 commercial units, supporting a range of mixed-use redevelopment concepts.

Located at 333 Water Street in Augusta, the building overlooks the Kennebec River and sits within walking distance of the Capitol buildings. Restaurants, breweries, and parks are also nearby. The property is zoned Kennebec Business 1.

Key Highlights

  • 28,862‑square‑foot historic property built in 1900
  • Listed on the historic register and eligible for state and federal historic tax credits
  • Previously permitted for 18 residential units and 2 commercial units

Property Analytics

Current Use

Office Units

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

1,521
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Adaptive-reuse candidate with residential and commercial configurations, office areas, and direct river access.
Where is this mixed-use property located?
The property is located at 333 Water St Augusta, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 28,862‑square‑foot historic property built in 1900; Listed on the historic register and eligible for state and federal historic tax credits; Previously permitted for 18 residential units and 2 commercial units
(603) 343-3873 Call to check price and availability
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