Mixed-Use Property with Office
76 And 80 Sewall Street Augusta, ME 04330
76 And 80 Sewall Street, Augusta, ME, 04330
$625,000
For Sale
$625,000
Two separate income-oriented setups include office space and short-term rental units, plus a garage with a separate entrance.
Property Size4,361 SF
Price / SF$143.32
Days on Market72
Property Features for 76 And 80 Sewall Street
General Information
- Standard status
- Active
- Size
- 4,361 SF
- Property subtype
- Office
Building Details
- Year Built
- 1933
Listing agency
ERA Dawson-Bradford Co.
(207) 947-3363
Listed by
Gwen Cushing
(207) 947-3363
Source
Xome
Added: May 11 Updated: Jul 10 at 1:56PM Checked: Jul 19 at 8:44AM
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 ERA Dawson-Bradford Co.
Investment Insights
Based on property information with market context.
This offering features two versatile properties currently configured as office space and short-term rental accommodations. The layout supports multiple income-producing possibilities in a single package, with each configuration designed to function as an independent revenue use.
A garage on the property includes a separate entrance, which could provide additional flexibility for an ancillary rental arrangement. The combination of office-oriented space and short-term rental setup offers an owner-user or investor a straightforward path to diversify how the property is operated.
For tenants, buyers, or operators seeking a property with built-in alternative uses, this mix of office configuration and short-term rental functionality may be practical. The on-site garage with its separate entrance adds another option for managing additional space under one ownership. Overall, the property is presented as a multi-purpose asset with current utility as office and short-term rental space.
A garage on the property includes a separate entrance, which could provide additional flexibility for an ancillary rental arrangement. The combination of office-oriented space and short-term rental setup offers an owner-user or investor a straightforward path to diversify how the property is operated.
For tenants, buyers, or operators seeking a property with built-in alternative uses, this mix of office configuration and short-term rental functionality may be practical. The on-site garage with its separate entrance adds another option for managing additional space under one ownership. Overall, the property is presented as a multi-purpose asset with current utility as office and short-term rental space.
Key Highlights
- Two separate income‑oriented setups configured as office space and short‑term rental units
- Garage on property with a separate entrance that could be rented out
- Heat pump cooling and heating system included
Local Financial Insights For Apartment 5plus
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 | $78.5k | $18.00 |
| − Vacancy | −$1.3k | −$0.29 |
| EGI | $77.2k | $17.71 |
| − OpEx | −$34.8k | −$7.97 |
| NOI | $42.5k | $9.74 |
4,361 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Office B
$880.7K
$770.6K – $1.03M
NOI $61,648 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 6.80%
Theoretical Best
Warehouse
$6.51M
$5.69M – $7.59M
NOI $455,433 @ 7.0% cap · market cap 72.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two separate income-oriented setups include office space and short-term rental units, plus a garage with a separate entrance.
Where is this office units located?
The property is located at 76 And 80 Sewall Street Augusta, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two separate income‑oriented setups configured as office space and short‑term rental units; Garage on property with a separate entrance that could be rented out; Heat pump cooling and heating system included
