Flex Space with
For Sale
$1,450,000
418-424 Western Avenue, Augusta, ME 04330
Mixed-use commercial property combines office, retail, and automotive service areas with convenient interstate access.
Property Size14,000 SF
Lot Size2.40 Acres
Days on Market1080
Property Features for 418-424 Western Avenue
General Information
Standard status
Active
Size
14,000 SF
Lot size
2.40 Acres
Property subtype
Commercial
Zoning
CC
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$19,244
Building Details
Building Size
14,000 SF
Listing Agency:
Pouliot Real Estate
(207) 441-9418
Listed By:
Matthew Pouliot
(207) 441-9418
Source:
Startpoint
Added: Aug 23, 2023
Changed: Aug 2
Last Checked: Aug 5 at 1:30PM
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 Pouliot Real Estate
Investment Insights
Based on property information with market context.
This flex property at 418-424 Western Avenue combines first-level office suites, retail areas, and automotive service improvements. The office component offers natural light and adaptable layouts, while the storefront supports retail or automotive-related operations. A functional garage includes service bays and updated equipment infrastructure for repair, detailing, or maintenance uses. The property is zoned CC.
Set on 2.4 acres with over 200 feet of road frontage, the site includes ample parking and visibility along a roadway carrying more than 20,000 vehicles per day. Interstate access and multiple connector routes support convenient movement for customers, clients, and service vehicles. The Augusta, ME property provides a combination of office, storefront, and garage space within one commercial setting.
Set on 2.4 acres with over 200 feet of road frontage, the site includes ample parking and visibility along a roadway carrying more than 20,000 vehicles per day. Interstate access and multiple connector routes support convenient movement for customers, clients, and service vehicles. The Augusta, ME property provides a combination of office, storefront, and garage space within one commercial setting.
Key Highlights
- Flex property with office, retail, and automotive service areas
- 2.4‑acre site with over 200 feet of road frontage
- Roadway exposure to more than 20,000 vehicles per day
Financial Insights For Flex RnD
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 | $139.4k | $9.96 |
| − Vacancy | −$3.5k | −$0.25 |
| EGI | $136.0k | $9.71 |
| − OpEx | −$47.6k | −$3.40 |
| NOI | $88.4k | $6.31 |
14,000 SF · lease $9.96/SF/yr · vacancy 2.49% · expense 35.00%
Alternative Uses
Best Use
Industrial
$17.20M
$15.05M – $20.07M
NOI $1,204,053 @ 7.0% cap · market cap 83.04%
Second Best
Office B
$2.83M
$2.47M – $3.30M
NOI $197,906 @ 7.0% cap · market cap 13.65%
Theoretical Best
Warehouse
$20.89M
$18.28M – $24.37M
NOI $1,462,065 @ 7.0% cap · market cap 100.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use commercial property combines office, retail, and automotive service areas with convenient interstate access.
Where is this flex space located?
The property is located at 418-424 Western Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Flex property with office, retail, and automotive service areas; 2.4‑acre site with over 200 feet of road frontage; Roadway exposure to more than 20,000 vehicles per day
