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Two-Story Mixed-Use Building
For Sale
$275,000

51 & 53 Cony Street, Augusta, ME 04330

Two retail storefronts and two apartments create a flexible combination of commercial and residential space.

Property Size3,961 SF
Days on Market897

Property Features for 51 & 53 Cony Street

General Information

Standard status Active
Size 3,961 SF
Total Parking Spaces 4
Property subtype Commercial
Zoning Commercial

Taxes and HOA fees

Annual Taxes $3,435

Building Details

Building Size 3,961 SF
Year Built 1916
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Rizzo Mattson
Listed By: Brian Rizzo
Source: Startpoint
Added: Feb 21, 2024 Changed: Aug 3 Last Checked: Aug 5 at 2:00PM

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 Rizzo Mattson

Investment Insights

Based on property information with market context.

Built in 1916, this two-story mixed-use property combines two ground-floor retail storefronts with two upper-level apartments. Each commercial space has its own entrance, bathroom, and storage area, with the option to combine them into a larger retail area. The apartments include two bedrooms, a living room, kitchen, and office space each.

A new heating system serves the building, and a private rear parking lot provides four parking spaces. The property is located on Cony Street in Augusta, within walking distance of downtown and the riverfront, with other area amenities nearby. Its combination of separately accessed retail and residential areas supports both investment and owner-occupied use, as stated in the property information.

Key Highlights

  • Two‑story building constructed in 1916
  • 2 retail storefronts with private entrances, bathrooms, and storage
  • 2 apartments, each with 2 bedrooms, living room, kitchen, and office

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Florist Tanning Salon Storage Facility

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,387
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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two retail storefronts and two apartments create a flexible combination of commercial and residential space.
Where is this mixed-use property located?
The property is located at 51 & 53 Cony Street Augusta, ME.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑story building constructed in 1916; 2 retail storefronts with private entrances, bathrooms, and storage; 2 apartments, each with 2 bedrooms, living room, kitchen, and office
More about this property
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