Mixed-Use Office and
59 Bangor Street Augusta, ME 04330
For Sale
$450,000
COMMERCIAL - Augusta, ME
Property Size2,756 SF
Lot Size0.24 Acres
Price / SF$163.28
Days on Market70
Property Features for 59 Bangor Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Rooms
Basement
Basement
Partial, Unfinished
Accessibility
Accessible Approach with Ramp
Standard status
Active
Size
2,756 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6761
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Baseboard, Oil
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1978
Flooring type
Laminate
Building materials
Wood Frame, Brick Veneer, Vinyl Siding
Roof type
Shingle
Listing Agency:
Hoang Realty
(207) 623-0623
Listed By:
Heidi Witham Hoa Hoang
(207) 707-2919
Added: May 21
Changed: Jul 28
Last Checked: Jul 29 at 11:06AM
MLS# 1659178
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.
Investment Insights
Based on property information with market context.
This multi-functional property offers a flexible mix of space types, with a one-bedroom apartment and three office spaces currently in place. Public remarks indicate the building has historically supported a blend of office, retail, and residential uses. The property size is approximately 2,700 square feet, situated on a 0.24-acre lot.
The asset is located at 59 Bangor Street in Augusta, Maine, and is zoned CB.
For buyers or tenants seeking a combined office and residential configuration within a single property, this layout provides multiple distinct spaces, including dedicated office areas alongside the apartment unit.
The asset is located at 59 Bangor Street in Augusta, Maine, and is zoned CB.
For buyers or tenants seeking a combined office and residential configuration within a single property, this layout provides multiple distinct spaces, including dedicated office areas alongside the apartment unit.
Key Highlights
- About 2,700 SF multi‑functional property with a history of office, retail, and residential uses
- Currently configured with 1‑bedroom apartment and 3 office spaces
- Year built: 1978
Financial Insights For Office B
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 | $59.5k | $21.60 |
| − Vacancy | −$7.6k | −$2.75 |
| EGI | $51.9k | $18.85 |
| − OpEx | −$13.0k | −$4.71 |
| NOI | $39.0k | $14.14 |
2,756 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-functional building with a one-bedroom apartment and three office spaces, zoned CB in Augusta.
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: About 2,700 SF multi‑functional property with a history of office, retail, and residential uses; Currently configured with 1‑bedroom apartment and 3 office spaces; Year built: 1978
