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Property profile & analytics
OFF-MARKET
Banks

72 Cony St Augusta, ME 04330-5235

1,200 SF 0.96 ac lot Built 1978
Individually Owned 15-yr Hold Free & Clear
Property ID
US42-0534205
Property summary
AI-generated overview

This exceptional 0.96-acre commercial lot, located at 72 Cony Street in Augusta, Maine, presents a unique investment opportunity. The property boasts a highly visible location on a rotary in the heart of downtown Augusta, experiencing an average daily traffic count exceeding 20,000 vehicles. The existing 2,780 square foot building, formerly a credit union, offers a versatile layout including multiple offices, a secure bank vault, and a convenient drive-thru window. This adaptable space is ideal for a variety of commercial uses, benefiting from its prime location and high traffic volume. The property's address is 72 Cony Street, Augusta, ME 04330, within Kennebec County. The asking price for this remarkable property is $695,000. Its strategic location and existing infrastructure make it an attractive prospect for businesses seeking a prominent presence in a thriving downtown area. The property is zoned for commercial use and offers significant potential for redevelopment or continued operation as a commercial space. Don't miss this chance to acquire a highly visible and well-situated commercial property in the vibrant city of Augusta.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Construction FRAME
Total area 1,200 SF
Lot 0.96 ac (41,817 SF)
APN AUGU M:00038 B:00162 L:00000
UPID US42-0534205
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
  • New Dimensions Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
New Dimensions FCU · 15 yrs held
New Dimensions FCU
since 2010
1 recorded transaction
2010
$603,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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