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    171 Capitol St Augusta, ME 04330

    For Lease
    $12 SF/Yr ($11,100 /Mo)

    3,900 SF Flex Space - High Visibility

    Lot size:
    11,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,900 square foot retail/flex space is available for lease in the Augusta/Waterville submarket. Situated on a 9-acre lot, this single-story, 11,100 square foot building offers excellent visibility and high traffic counts, averaging 10,670 cars per day according to 2023 MDOT data. The property boasts a prime location off Capitol Street, at a convenient entrance to Shaw's Plaza, placing it in close proximity to State of Maine office buildings and the State House. This Class B property, built in 1976, is zoned CC - Regional Business (APN: Map 23, Lot 102A) and features multiple tenancies. The space is ideal for a variety of businesses, benefiting from its proximity to established businesses such as Shaw's, Dollar Tree, Planet Fitness, Burger King, Applebee's, Circle K, and other State of Maine offices. Utilities are available. There are no elevators in this one-story building. The lease rate is $12.00 per square foot, NNN. Don't miss this opportunity to secure a highly visible and strategically located space in a thriving commercial area.

    Property Features for 171 Capitol St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,100 SF
    Class
    B
    Total Rate
    11100

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Retail/Flex Space
    Size
    3,900 SF
    Rate per SF
    $12

    HighLights

    • 11,100 SF retail/flex building on 9 acres, Augusta/Waterville submarket.
    • 3,900 SF of vacant retail/flex space available for lease.
    • Located near State of Maine office buildings and the State House, with high visibility at a Shaw's Plaza entrance.
    • High traffic count of 10,670 cars per day (MDOT 2023).
    • Surrounded by strong retail anchors including Shaw's, Dollar Tree, Planet Fitness, and more.
    • Lease rate: $12.00/SF NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Groups Recover Together Counselor Harvest Time Natural ... Health Food Store GrowGeneration Hydroponics Store Garden Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7917218
    Latitude
    44.3104738

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    FAQs

    What type of property is this?
    Flex space - 3,900 SF Flex Space - High Visibility
    Where is this flex space located?
    The property is located at 171 Capitol St Augusta, ME.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,100 SF retail/flex building on 9 acres, Augusta/Waterville submarket.; 3,900 SF of vacant retail/flex space available for lease.; Located near State of Maine office buildings and the State House, with high visibility at a Shaw's Plaza entrance.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 Capitol St Augusta, ME 04330
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