305/313 State St Augusta, ME 04330
This exceptional commercial property, located at 305/313 State Street in Augusta, Maine, presents a unique investment opportunity. The 11,976 square foot building sits on a 0.58-acre lot and offers significant versatility. Previously configured as a 16-bedroom, 6.5-bathroom assisted living facility, it features ample finished space, making it suitable for a variety of commercial uses. The property includes convenient amenities such as an elevator, an on-demand generator, and a comprehensive sprinkler system. Exterior features include composite decks with a ramped entrance, a pleasant backyard, and extensive parking. The building boasts incredible views of the Maine state capital and benefits from excellent visibility and convenient access to downtown Augusta. Its prime location and substantial size make it an attractive prospect for investors seeking a high-return property in a desirable area. The asking price for this remarkable property is $1,300,000. The zip code is 04330, and the property is situated in Kennebec County. This is a rare opportunity to acquire a substantial commercial property with significant potential in a thriving Maine community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.