Mixed-Use Property with Office
For Sale
$625,000
76 And 80 Sewall Street, Augusta, ME 04330
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 Market88
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
Changed: Jul 10
Last Checked: Aug 5 at 1:06PM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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
