Mixed-Use Property with Office
For Sale
$450,000
59 Bangor Street, Augusta, ME 04330
Includes a one-bedroom apartment alongside three office spaces.
Property Size2,756 SF
Price / SF$163.28
Days on Market187
Property Features for 59 Bangor Street
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Office Units
3
Amenities
Ramped Main Level
Building Details
Year Built
1978
Listing Agency:
Hoang Realty
Listed By:
Heidi Witham Hoa Hoang
(207) 707-2919
Source:
Portsiderealestategroup
Added: Apr 12
Changed: Oct 11
Last Checked: Oct 14 at 11:14PM
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 Hoang Realty
Investment Insights
Based on property information with market context.
This mixed-use property contains a one-bedroom apartment and three office spaces within a building constructed in 1978. The property has also historically accommodated retail use, creating a combination of residential and commercial space at one Augusta address.
Located at 59 Bangor Street in Augusta, Maine, the property offers an established multi-use configuration for an owner-user, office operator, or investor seeking both apartment and workspace components.
Located at 59 Bangor Street in Augusta, Maine, the property offers an established multi-use configuration for an owner-user, office operator, or investor seeking both apartment and workspace components.
Key Highlights
- One‑bedroom apartment included
- Three office spaces currently configured
- Historically supported office, retail, and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,959
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,180
$779.2K
Cap Rate 7%
$556,557
$556.6K
Cap Rate 9%
$432,878
$432.9K
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$59.5K $21.60/SF
− Vacancy
−$7.6K −$2.75/SF
EGI
$51.9K $18.85/SF
− OpEx
−$13.0K −$4.71/SF
NOI
$39.0K $14.14/SF
Area
Kennebec County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,180
Cap Rate 7%
$556,557
Cap Rate 9%
$432,878
Alternative Uses
Best Use
Office B
$556.6K
$487.0K – $649.3K
NOI $38,959 @ 7.0% cap · market cap 8.66%
Second Best
Mixed Use
$406.2K
$355.4K – $473.9K
NOI $28,432 @ 7.0% cap · market cap 6.32%
Theoretical Best
Warehouse
$4.11M
$3.60M – $4.80M
NOI $287,818 @ 7.0% cap · market cap 63.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a one-bedroom apartment alongside three office spaces.
Where is this mixed-use property located?
The property is located at 59 Bangor Street Augusta, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: One‑bedroom apartment included; Three office spaces currently configured; Historically supported office, retail, and residential uses
