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Property profile & analytics
OFF-MARKET
Specialty properties

305/313 State St Augusta, ME 04330

11,976 SF 0.58 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 11,976 SF
Lot 0.58 ac (25,265 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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