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Mixed-Use Property with Workshop
For Sale
$299,000

7-11 Lorette Lane, Augusta, ME 04330

The property combines office, residential, and workshop space, with one workshop section occupied by a long-term tenant.

Property Size8,104 SF
Price / SF$36.90
Days on Market868

Property Features for 7-11 Lorette Lane

General Information

Standard status Active
Size 8,104 SF
Property subtype Commercial
Zoning RD

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $5,867

Building Details

Building Size 8,104 SF
Year Built 1900
Stories 2
Listing Agency: Brookewood Realty
Listed By: Eric Swails
Source: Amerorealty
Added: Jun 17, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:33PM

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 Brookewood Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This mixed-use property includes an 8,104-square-foot, two-story office building with front, side, and rear entrances. The lower level is unfinished. A separate residence has 4–5 bedrooms and 2 bathrooms and requires rehabilitation before occupancy; a detached 2-car garage serves the home. A high-ceiling workshop and storage area is divided into sections, including one occupied by a long-term tenant.

Located at 7-11 Lorette Lane in Augusta, the property is zoned RD and was built in 1900.

Key Highlights

  • 8,104‑square‑foot, two‑story office building with front, side, and rear entrances
  • 4–5‑bedroom, 2‑bathroom residence requiring rehabilitation before occupancy
  • Detached 2‑car garage

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Storage Facility Electrical Service Carpet & Flooring Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

720
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 Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines office, residential, and workshop space, with one workshop section occupied by a long-term tenant.
Where is this mixed-use property located?
The property is located at 7-11 Lorette Lane Augusta, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 8,104‑square‑foot, two‑story office building with front, side, and rear entrances; 4–5‑bedroom, 2‑bathroom residence requiring rehabilitation before occupancy; Detached 2‑car garage
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