Technical
Financial
Distress signals
Property profile

72 Cony St Augusta, ME 04330

OFF-MARKET
Banks
Property ID
US42-0534205
1,200 SF 0.96 ac lot Built 1978
Individually Owned 15-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Credit Union

Location

72 Cony St Augusta, ME 04330-5235
Augusta metro Census 10500 AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2010
1 recorded transaction
2010
$603,000

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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