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    123 Civic Center Dr Augusta, ME 04330

    Sponsored
    For Sale
    $1,600,000

    High-traffic location, 3,257 sq ft, $1.6M

    Property size:
    3,257 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail/restaurant building presents a unique owner-user investment opportunity in Augusta, Maine. Boasting 3,257 square feet on a generous 1.7-acre lot, this single-story, 1999-constructed building is ideally situated on Civic Center Drive. Its prime location offers high visibility and accessibility, with convenient proximity to The Marketplace at Augusta, the Augusta Civic Center, and the University of Maine. The property features 65 on-site parking spaces and a freestanding roadside pylon sign, ensuring maximum exposure for your business. Zoned CD (Civic Center District), this versatile property allows for a wide range of uses. The area boasts a strong retail presence, with nearby businesses including Dunkin', Regal Cinemas, Barnes & Noble, Sam's Club, Home Depot, Dick's Sporting Goods, and Walmart. The property's APN is 5/50A, and its address is 123 Civic Center Dr, Augusta, ME 04330. This is an exceptional opportunity to acquire a well-located, established commercial property in a thriving market. The asking price is $1,600,000.

    Property Features for 123 Civic Center Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,257 SF
    Class
    A
    Lot Size
    74,052 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 3,257± SF retail/restaurant building on 1.7± acres.
    • Excellent location on Civic Center Drive, near The Marketplace at Augusta, Augusta Civic Center, and University of Maine at Augusta.
    • 65 on‑site parking spaces.
    • Freestanding pylon sign.
    • CD zoning allows diverse uses.
    • Convenient access to I‑95 Exit 112.
    Property Profile Location Intelligence

    Current Use by Public Records

    Denny's Diner The Meltdown Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.791658321402
    Latitude
    44.33745188626

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, 3,257 sq ft, $1.6M
    Where is this restaurant located?
    The property is located at 123 Civic Center Dr Augusta, ME.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 3,257± SF retail/restaurant building on 1.7± acres.; Excellent location on Civic Center Drive, near The Marketplace at Augusta, Augusta Civic Center, and University of Maine at Augusta.; 65 on-site parking spaces.
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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
    123 Civic Center Dr Augusta, ME 04330
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