Corner Commercial Development
595-597 Civic Center Drive Augusta, ME 04330
For Sale
$875,000
COMMERCIAL - Augusta, ME
Property Size2,572 SF
Lot Size1.10 Acres
Price / SF$340.20
Days on Market33
Property Features for 595-597 Civic Center Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PD
- Standard status
- Active
- Size
- 2,572 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5517
Utilities
- Sewer type
- Public Sewer
- Water source
- Private
Building Details
- Year built
- 1952
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing Agency:
LAER
(207) 622-2220
Listed By:
John Blouin
(207) 446-7708
Added: Jun 24
Last Checked: Jul 26 at 3:06AM
MLS# 1624182
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.
The property consists of a 1.1-acre commercial lot improved with two commercial buildings that have been used in the past. The site is positioned as a corner development opportunity, with the option to use the existing structures and remodel, retrofit, or bring a new plan to fruition. Public water and public sewer are available on both streets that bound the parcel.
Located at the intersection of Civic Center Drive and Bog Road, the property is described as being within 12 miles of Maine General and 1.4 miles to the Augusta Civic Center exit on the Maine Turnpike. The listing notes substantial traffic at the location.
Zoned PD in the City of Augusta, the property is presented as having a wide range of approved uses, including business and professional offices, medical clinics and hospital services, hotels and bed-and-breakfast, restaurants, daycare centers, and many types of retail. The listing also indicates conditional use approval may expand the possibilities beyond the listed approved uses, including options referenced as marijuana businesses, breweries, print shops, group homes, and other retail formats. For buyers or operators, the existing buildings and utilities can support a variety of business and service concepts within the PD framework.
Located at the intersection of Civic Center Drive and Bog Road, the property is described as being within 12 miles of Maine General and 1.4 miles to the Augusta Civic Center exit on the Maine Turnpike. The listing notes substantial traffic at the location.
Zoned PD in the City of Augusta, the property is presented as having a wide range of approved uses, including business and professional offices, medical clinics and hospital services, hotels and bed-and-breakfast, restaurants, daycare centers, and many types of retail. The listing also indicates conditional use approval may expand the possibilities beyond the listed approved uses, including options referenced as marijuana businesses, breweries, print shops, group homes, and other retail formats. For buyers or operators, the existing buildings and utilities can support a variety of business and service concepts within the PD framework.
Key Highlights
- Prime commercial lot location: Corner of Civic Center Drive and Bog Road, near Maine General and Augusta Civic Center.
- High traffic count: Ideal for businesses seeking visibility and accessibility.
- Public water and sewer available: Simplifies development and reduces infrastructure costs.
Financial Insights For Retail
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 | $37.0k | $14.40 |
| − Vacancy | −$1.6k | −$0.60 |
| EGI | $35.5k | $13.80 |
| − OpEx | −$10.6k | −$4.14 |
| NOI | $24.8k | $9.66 |
2,572 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$354.8K
$310.5K – $414.0K
NOI $24,837 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.84M
$3.36M – $4.48M
NOI $268,602 @ 7.0% cap · market cap 30.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - PD-zoned commercial land with existing buildings, public water and sewer available, and multiple approved use categories.
Where is this commercial land located?
The property is located at 595-597 Civic Center Drive Augusta, ME.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime commercial lot location: Corner of Civic Center Drive and Bog Road, near Maine General and Augusta Civic Center.; High traffic count: Ideal for businesses seeking visibility and accessibility.; Public water and sewer available: Simplifies development and reduces infrastructure costs.
