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Property profile & analytics
FOR LEASE
Turn key restaurants

611 Civic Center Dr Augusta, ME 04330

1,718 SF 0.71 ac lot Built 1973
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US42-0008251
Property summary
AI-generated overview

This exceptional commercial land parcel, identified by APN 80/9, 9B & 9C, presents a unique development opportunity in Augusta, Maine. Spanning 0.8 to 1.94 acres, the property boasts a highly desirable location at the well-lit intersection of Route 3 and Civic Center Drive. This strategic positioning ensures exceptional visibility and benefits from significant commuter traffic, making it ideally suited for a variety of commercial uses. Consider drive-thru restaurants, quick-service restaurants (QSRs), gas stations, convenience stores, and more. The site's proximity to key area landmarks further enhances its appeal. It's conveniently located near MaineGeneral Medical Center, the Central Maine Commerce Center, and I-95 Exits 112 & 113, providing easy access to a large customer base and regional transportation networks. The property is zoned RV - Rural Village, offering flexibility for various development plans. The asking price is $995,000. This is a rare chance to acquire a highly visible and strategically located commercial land parcel with the potential for multiple development pads in a thriving Maine community. The property is owned by Bale, LLC.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction FRAME
Total area 1,718 SF
Lot 0.71 ac (31,000 SF)
APN AUGU M:00080 B:0009B L:00000
UPID US42-0008251
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bale LLC · 14 yrs held
Bale LLC
since 2012
4 recorded transactions
2012
$125,000
2012
Price N/A
2011
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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