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Property profile & analytics
FOR LEASE
Retail properties & Spaces

191 Water St Augusta, ME 04330

10,032 SF 0.23 ac lot Built 1900
Entity Owned Free & Clear
Property ID
US42-0271062
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,032 SF
Lot 0.23 ac (9,975 SF)
APN AUGU M:00034 B:00029 L:00000
UPID US42-0271062
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
Current use
Occupant on record · Public records
  • STEVE SMITH Trial Lawyers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k
Owner & transaction history
189 LLC
189 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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