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Drug Store Property
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83 Hospital St, Augusta, ME 04330

Net-lease commercial property with a longstanding drug-store operating history and flexible reuse considerations.

Property SizeContact for details
Days on Market143

Property Features for 83 Hospital St

General Information

Standard status Active
Property subtype Office, Retail

Building Details

Tenancy Single
Listing Agency: Gendron Commercial
Listed By: John Gendron · License #ME 104572
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:25PM

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 Gendron Commercial

Investment Insights

Based on property information with market context.

This commercial property has supported drug-store operations for more than 22 years and is presented as a net-lease asset. The existing use history provides a clear basis for evaluating continued retail occupancy or repositioning for another commercial purpose.

The property is located at 83 Hospital St in Augusta, Maine, near government offices, medical practices, and residential development. Potential uses identified for the site include a dollar store, medical office, or government office. The Walgreens lease was scheduled to expire on 9/5/2022, and the landlord held an option to end the lease before that date.

Key Highlights

  • Drug‑store operating history extending beyond 22 years
  • Net‑lease property at 83 Hospital St, Augusta, ME 04330
  • Situated near government offices, medical offices, and residential development

Property Analytics

Current Use

higi Physician Family Dollar Discount Store Chelsey Baker Pharmacy Anna White Pharmacy Richard Smith Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar Tree Shops & Services
6,701 visits/mo 0.1 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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Chelsey Baker 83 Hospital St, Augusta, ME 043306661
  • Anna White 83 Hospital St, Augusta, ME 043306617
  • Peter Ottaviano 83 Hospital St, Augusta, ME 043306617
  • Richard Smith 83 Hospital St, Augusta, ME 043306617
  • COVID-19 Drive-Thru Testing at Walgreens 403 Water St, Augusta, ME 04330

Frequently Asked Questions

What type of property is this?
Drug store - Net-lease commercial property with a longstanding drug-store operating history and flexible reuse considerations.
Where is this drug store located?
The property is located at 83 Hospital St Augusta, ME.
What are key features of this property?
This property features: Drug‑store operating history extending beyond 22 years; Net‑lease property at 83 Hospital St, Augusta, ME 04330; Situated near government offices, medical offices, and residential development
More about this property
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