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Mixed-Use Building with Barber Shop

55 Cony Street, Augusta, ME 04330

For Sale
$245,000

Three occupied spaces include two apartments and a barber shop, with a fourth one-bedroom unit requiring updates.

Property Size2,500 SF
Price / SF$98
Days on Market1143

Property Features for 55 Cony Street

General Information

Standard status Active
Size 2,500 SF
Property subtype Commercial
Zoning commercial

Additional Details

Mixed-Use Components residential, retail
Unit Mix 1 x 2BR, 2 x 1BR
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,433

Amenities

storage

Building Details

Building Size 2,500 SF
Year Built 1916
Buildings 1
Tenancy Multi
Listing Agency: Rizzo Mattson
Listed By: Brian Rizzo
Source: Integrityhomesrealestategroup
Added: Sep 26, 2023 Changed: Nov 11 Last Checked: Nov 11 at 2:23AM

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

Rey
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Investment Insights

Based on property information with market context.

This 2,500-square-foot mixed-use building, constructed in 1916, contains a two-bedroom apartment, a one-bedroom apartment, and a barber shop; all three are currently rented. A separate vacant one-bedroom unit needs updating and could be configured for storage, laundry, or combined with the two-bedroom apartment as one larger suite. The property also has a dry basement with substantial storage, updated flooring, and a well-maintained natural gas boiler.

Commercial zoning applies to the property at 55 Cony Street in Augusta. The existing residential and barber shop spaces are complemented by the vacant apartment, providing several possible uses for that portion of the building.

Key Highlights

  • 2,500‑square‑foot mixed‑use building constructed in 1916
  • Currently rented: two‑bedroom apartment, one‑bedroom apartment, and barber shop
  • Additional vacant one‑bedroom unit requires updating

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

GTA barbershop Barber Shop Millennium Kutz Barber Shop

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME

$124 Jul
$133 Aug
$133 Sep
$132 Oct

Properties on Market for Mixed-use properties in Kennebec County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three occupied spaces include two apartments and a barber shop, with a fourth one-bedroom unit requiring updates.
Where is this mixed-use property located?
The property is located at 55 Cony Street Augusta, ME.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use building constructed in 1916; Currently rented: two‑bedroom apartment, one‑bedroom apartment, and barber shop; Additional vacant one‑bedroom unit requires updating
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