Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    191 Water St Augusta, ME 04330

    Sponsored
    For Lease
    $10 SF/Yr ($15,793 /Mo)

    18,952 SF, 5,000 SF Available

    Lot size:
    18,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 191 Water Street in Augusta, Maine, presents a unique investment opportunity. The building, totaling 18,952 square feet, boasts a prime location in Kennebec County, with a 0.23-acre lot. Currently, 5,000 square feet of retail space is available for lease, ideal for expansion or a new venture. Originally constructed in 1900, the building underwent a significant renovation in 2009, ensuring modern functionality within a historic setting. The property is zoned KBD1 - KENNEBEC BUSINESS 1, allowing for a variety of commercial uses. The existing electrical service is single-phase, 200 amp. This multi-tenant building offers high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Augusta's vibrant commercial district. The property's blend of historical charm and modern updates creates a unique and appealing environment for tenants and customers alike. Its central location provides easy access to major transportation routes and a thriving local community. This is an excellent opportunity to secure a well-maintained, strategically located retail space in a desirable Maine market. The available space offers significant potential for growth and profitability.

    Property Features for 191 Water St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,952 SF
    Total Rate
    15793.33

    Building Details

    Year Built/Renovated
    1900/2009

    Unit(s) available at that property

    Space
    Available 1st Floor
    Size
    5,000 SF
    Rate per SF
    $10

    HighLights

    • Prime Augusta, ME location in the Water Street Historic District.
    • 10,000± SF first floor, 5,000± SF available, 5,000± SF leased to Maine Trial Law, PLLC.
    • 8,952± SF lower level basement.
    • 14'+ ceilings & wraparound Kennebec River views.
    • Basement ideal for storage or additional office/gym space.
    • 1900 building, extensively renovated in 2009.
    Property Profile Location Intelligence

    Current Use by Public Records

    STEVE SMITH Trial ... Law Firm

    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
    -69.773647139042
    Latitude
    44.316567898291

    Nearby Similar for Lease

    • $650,000
      11,174 SF

      Augusta Warehouse and Office Space

      Warehouse and office space in Augusta, Maine's capital city.
      70 Cony Rd, Augusta, ME 04330
      View Details
    • $14 SF/Yr
      3,926 SF

      Professional Office Suites For Rent

      Professional office suites available with on-site amenities and parking.
      45 Commerce Dr, Augusta, ME 04330
      View Details
    • $1,250 /Mo
      845 SF

      Retail Storefronts in Augusta, Maine

      Retail spaces for lease in vibrant Augusta neighborhood.
      257 Water St, Augusta, ME 04330
      View Details
    • $15 SF/Yr
      3,216 SF

      Downtown Augusta Office Space

      Professional office space in downtown Augusta with flexible layouts.
      49 Oak St, Augusta, ME 04330
      View Details
    • $15 SF/Yr
      4,000 SF

      Prime Augusta Office Space

      4,000 SF office space near Maine State House.
      5 Wade St, Augusta, ME 04330
      View Details
    • $12 SF/Yr
      304,200 SF

      Augusta Executive Office Space

      Prestigious Augusta Office Suites Available
      45 Commerce Ctr Dr, Augusta, ME 04330
      View Details
    • $12 SF/Yr
      76,510 SF

      Downtown Augusta Executive Suites

      Class A Office & Retail Space Available
      286 Water St, Augusta, ME 04330
      View Details
    • $2,750 /Mo
      1,428 SF

      Restaurant/Retail Space on Mount Vernon

      Turnkey restaurant/retail space in a high-traffic Augusta location.
      146 Mount Vernon Ave, Augusta, ME 04330
      View Details
    • $10 SF/Yr
      19,028 SF

      Prime Augusta Office Space

      7,525 SF Executive Office Suite Available
      264 Civic Center Dr, Augusta, ME 04330
      View Details
    • $10 SF/Yr
      32,000 SF

      Prime Augusta Creative Office Space

      32,000 SF Creative Office in Augusta, ME
      36 Anthony Ave, Augusta, ME 04330
      View Details
    • $11 SF/Yr
      17,500 SF

      Freestanding Retail Building in Augusta

      17,500± SF retail building on 2.5± AC lot.
      1 Anthony Ave, Augusta, ME 04330
      View Details
    • $16 SF/Yr
      11,700 SF

      Commercial Lease in Central Augusta

      Commercial spaces available for lease in central Augusta location.
      6 E Chestnut St, Augusta, ME 04330
      View Details

    FAQs

    What type of property is this?
    Retail property - 18,952 SF, 5,000 SF Available
    Where is this retail property located?
    The property is located at 191 Water St Augusta, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime Augusta, ME location in the Water Street Historic District.; 10,000± SF first floor, 5,000± SF available, 5,000± SF leased to Maine Trial Law, PLLC.; 8,952± SF lower level basement.
    Request Owner's contact information
    191 Water St Augusta, ME 04330
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    191 Water St
    Augusta, ME 04330
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    191 Water St Augusta, ME 04330
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.