Property profile

400 Western Ave Augusta, ME 04330

OFF-MARKET
Land
Property ID
US42-0326865
0.83 ac lot
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Property summary

AI-generated overview

This exceptional 0.83-acre commercial land parcel presents a unique ground lease opportunity in the thriving Augusta, Maine submarket. Located at 400 Western Avenue, this property boasts 201 feet of frontage, ensuring high visibility and accessibility for any business. The site is zoned CC, offering flexibility for a variety of commercial uses. The property's convenient location in Kennebec County, with its APN 17/8, makes it an ideal investment for entrepreneurs and developers seeking a strategic foothold in a growing market. The single-tenant nature of the lease provides simplicity and control. This is a rare chance to acquire a well-situated commercial land parcel in a desirable area of Augusta, offering significant potential for long-term growth and return. The property's location provides easy access to major transportation routes, enhancing its appeal to a wide range of potential tenants. Serious inquiries are encouraged to explore the possibilities of this exceptional ground lease opportunity. The property is situated in a vibrant commercial area of Augusta, offering a strong foundation for any commercial venture.

Property profile

Verified
Property type Land
Lot 0.83 ac (36,155 SF)
UPID US42-0326865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Western Ave Augusta, ME 04330
Augusta metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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