Prime Augusta Commercial Office
5 Community Drive, Augusta, ME 04330
COMMERCIAL - Augusta, ME
Type:Office
Property size:
13,446 SFLot size:
0.75 AcresPrice / SF:
$130/SF- Added:
- Mar 30, 2026
- Days on Market:
- 45
- Last Refresh:
- May 13 at 9:06 pm
Property Features for 5 Community Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- CD
- Standard status
- Active
- Size
- 13,446 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 27384
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 2000
- Number of units
- 13
- Flooring type
- Laminate, Tile, Carpet
- Building materials
- Brick
Listing agent John Blouin (207) 446-7708
Listing office LAER 103 Water Street STE 202, Hallowell, ME (207) 622-2220
Listing date Mar 30, 2026
MLS# 1614192
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High annual net income of $146,998 with an 8.39% cap rate
- Prime commercial location near the Mall at Augusta, University of Maine, and the Augusta Civic Center
- Significant rental income of $20,931 per month ($257,832 annually)
- Large office building with over 13,000 square feet
- Long‑term tenants in place across 12 office suites, with 88% occupancy
- Shared amenities include a conference area, fully equipped gym, customer waiting area, and bathrooms
Overview
This commercial office building, constructed in 2000, offers over 13,000 square feet of prime office space. The property is situated at the crossroads of commerce, adjacent to the Mall at Augusta, the University of Maine at Augusta, and the Augusta Civic Center. The building features 12 different office suites with long-term tenants. Tenants share a conference area, a fully equipped gym, a customer waiting area, and bathrooms. The first-floor office space includes multiple entrances and ample parking. The property is a condo with high visibility and a large traffic count. Located in Augusta, ME, the property occupies a 0.75-acre lot. The property is 88% leased, with three additional suites available for lease. The present 2025 rental income is $20,931 per month, or $257,832 per year. The 2024 annual expenses were $110,834, resulting in a net income of $146,998. The cap rate is 8.39 percent.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CapitalGate Development, LLC
Storage Facility
Landrum Osteopathic
Alternative Medicine Practice
Lisa Martin Skincare ...
Medical Clinic
Old Dirigo SR ...
Insurance Agency
Maine Rural Development ...
Government Office
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Kennebec
- State
- Maine
- Longitude
- -69.7934137
- Latitude
- 44.340832
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - First-class office building with long-term tenants and high visibility.
Where is this office building located?
The property is located at 5 Community Drive Augusta, ME.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High annual net income of $146,998 with an 8.39% cap rate; Prime commercial location near the Mall at Augusta, University of Maine, and the Augusta Civic Center; Significant rental income of $20,931 per month ($257,832 annually)
