211 Water StAugusta, ME 04330

This exceptional five-story building, located at 211 Water Street in Augusta, Maine's historic Water Street District, offers a unique blend of commercial and residential opportunities. Boasting a total of 20,800 square feet on a 0.18-acre lot, this property presents significant upside. The ground floor encompasses approximately 7,113 square feet, currently leased to SGC Engineering under a triple-net lease (NNN). This provides immediate and stable income. Above the ground floor are two sizable, approximately 3,000 square foot floors, currently in shell condition, presenting a prime opportunity for residential conversion. These upper floors offer expansive potential for multifamily development, capitalizing on the desirable downtown location and stunning Kennebec River views. The building benefits from numerous recent mechanical and structural improvements, ensuring a solid foundation for future endeavors. Zoned KBD1 - KENNEBEC BUSINESS 1, this property is ideally situated in a vibrant and growing area. The asking price for this remarkable mixed-use investment is $800,000. Don't miss this chance to acquire a prime piece of Augusta real estate with significant income potential and substantial upside.