72 Cony St., Augusta, ME 04330

Building Details

Buildings 1 More

Listing Agency: Keenan Auction Company, Inc.

Listed By: Richard Keenan Show Phone

Added: Nov 6 Last Checked: Nov 6 at 8:06PM

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MLS# 12059235

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Set on approximately .88 acres at 72 Cony St. in Augusta, this circa-1978, wood-frame bank building includes an open entry, clerk counter, three offices, and a restroom. The interior has suspended ceilings, tile and carpet flooring, and central air. Exterior and site features include precast concrete walls, an irrigation system, and paved parking. An ATM and Hamilton safe are also part of the property.

The building is located at the rotary and has a two-lane drive-through. It is zoned KBD2.

Key Highlights

• Approximately .88+/- acres
• 1,298+/- SF former bank building, circa 1978
• Two‑lane drive‑through

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,544

Cap Rate

2.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$290,880 $290.9K

Cap Rate 7%

$207,771 $207.8K

Cap Rate 9%

$161,600 $161.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,298 SF

Gross rent

$23.4K $18.00/SF

− Vacancy

−$4.0K −$3.06/SF

EGI

$19.4K $14.94/SF

− OpEx

−$4.8K −$3.74/SF

NOI

$14.5K $11.21/SF

Area

Kennebec County, ME

Vacancy

17.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$290,880

Cap Rate 7%

$207,771

Cap Rate 9%

$161,600

Alternative Uses

Best Use

Specialty Retail

$207.8K

$181.8K – $242.4K (±1% cap)

NOI $14,544 @ 7.0% cap · market cap 2.80%

Second Best

Retail

$179.1K

$156.7K – $208.9K (±1% cap)

NOI $12,534 @ 7.0% cap · market cap 2.41%

Theoretical Best

Warehouse

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,554 @ 7.0% cap · market cap 26.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

New Dimensions Federal ... Credit Union

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Cafe & Coffee Shop Florist

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

1,123

Businesses Nearby

57k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 67% Dining 27% Home Improvements & Furnishings 6%

Hannaford Groceries

38,047 visits/mo 0.2 miles

Aroma Joe's Dining

11,216 visits/mo 0.1 miles

SUBWAY Dining

3,796 visits/mo 0.5 miles

Aubuchon Hardware Home Improvements & Furnishings

3,350 visits/mo 0.2 miles

Dunkin' Donuts Dining

424 visits/mo 0.3 miles

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Bank - A former bank offers office space, a two-lane drive-through, and on-site parking in Augusta.

Where is this bank located?

The property is located at 72 Cony St. Augusta, ME.

What is the asking price?

The asking price for this property is $520,000.

What are key features of this property?

This property features: Approximately .88+/- acres; 1,298+/- SF former bank building, circa 1978; Two‑lane drive‑through