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    400 Western Ave Augusta, ME 04330

    Sponsored
    For Lease
    Contact for pricing

    Prime Augusta location, 0.83 acres, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.83-acre commercial land parcel presents a unique ground lease opportunity in the thriving Augusta, Maine submarket. Located at 400 Western Avenue, this property boasts 201 feet of frontage, ensuring high visibility and accessibility for any business. The site is zoned CC, offering flexibility for a variety of commercial uses. The property's convenient location in Kennebec County, with its APN 17/8, makes it an ideal investment for entrepreneurs and developers seeking a strategic foothold in a growing market. The single-tenant nature of the lease provides simplicity and control. This is a rare chance to acquire a well-situated commercial land parcel in a desirable area of Augusta, offering significant potential for long-term growth and return. The property's location provides easy access to major transportation routes, enhancing its appeal to a wide range of potential tenants. Serious inquiries are encouraged to explore the possibilities of this exceptional ground lease opportunity. The property is situated in a vibrant commercial area of Augusta, offering a strong foundation for any commercial venture.

    Property Features for 400 Western Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • High‑traffic location, <0.5 miles from I‑95.
    • Excellent co‑tenancy with national banks and retailers.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.816898812124
    Latitude
    44.317806492983

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    FAQs

    What type of property is this?
    Land - Prime Augusta location, 0.83 acres, high visibility.
    Where is this land located?
    The property is located at 400 Western Ave Augusta, ME.
    What are key features of this property?
    This property features: High-traffic location, <0.5 miles from I-95.; Excellent co-tenancy with national banks and retailers.; Price available upon request.
    Request Owner's contact information
    400 Western Ave Augusta, ME 04330
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    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
    400 Western Ave Augusta, ME 04330
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