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    286 Water St Augusta, ME 04330

    Sponsored
    For Lease
    $12 SF/Yr

    Class A Office & Retail Space Available

    Lot size:
    76,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A property at 286 Water Street in Augusta offers 76,510 square feet of prime commercial space, ideal for a variety of uses. Currently, there are 23,571 square feet of vacant space available, divisible into units ranging from a minimum of 5,834 square feet to a maximum contiguous space of 12,199 square feet. Three spaces are immediately available, ranging from 5,538 to 12,199 square feet. The building, constructed in 1988, boasts a desirable location in the heart of downtown Augusta, with ample on-site parking. The flexible floor plan allows for customization to suit diverse business needs, including retail, restaurant, or office tenants. First-floor spaces, ranging from 5,834 to 11,372 square feet, benefit from large windows and street-level access, creating excellent visibility and accessibility. The second floor offers a contiguous 12,199 square feet of office space. A charming courtyard provides the potential for outdoor seating, adding a unique amenity to the property. The property is zoned KBD1 - Kennebec Business 1, ensuring a wide range of permitted uses. This is a rare opportunity to secure high-quality commercial space in a thriving downtown location. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Property Features for 286 Water St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,510 SF
    Class
    A
    Total Rate
    76510

    Building Details

    Year Built
    1988

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,834 SF
    Rate per SF
    $18
    Space
    Available Space 2
    Size
    12,199 SF
    Rate per SF
    $12
    Space
    Available Space 1
    Size
    5,538 SF
    Rate per SF
    $18

    HighLights

    • Class A, 76,510 SF multi‑tenant office and retail building.
    • 23,571 SF of vacant space available.
    • Divisible suites from 5,834 SF to 12,199 SF contiguous.
    • First‑floor space ideal for retail, with potential for smaller suites.
    • Second‑floor space offers 12,199 SF of contiguous office space.
    • On‑site parking and a courtyard available.
    Property Profile Location Intelligence

    Current Use by Public Records

    State of Maine: Health ... State Government Office Health Engineering Division Department Of Transportation Dr. Molly Schwenn Doctor Maine Center for Disease ... Government Office Radon Levels for Maine Information Services

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7744537
    Latitude
    44.3153331

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office & Retail Space Available
    Where is this office property / space located?
    The property is located at 286 Water St Augusta, ME.
    What is the lease rate?
    The lease rate is $12-$18 SF/Yr.
    What are key features of this property?
    This property features: Class A, 76,510 SF multi-tenant office and retail building.; 23,571 SF of vacant space available.; Divisible suites from 5,834 SF to 12,199 SF contiguous.
    Request Owner's contact information
    286 Water St Augusta, ME 04330
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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
    286 Water St Augusta, ME 04330
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