191 Water St Augusta, ME 04330
For Lease
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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.
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STEVE SMITH Trial Lawyers Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.