77 Sewall St Augusta, ME 04330-6328
- Office buildings
- 20,474 SF
- 1.00 lot acres
Current Use by Public Records
- US International Trade Administration / Federal Courthouse
- Dr. Kevin R. Kenerson, DO / Osteopath
- Pace Mark V Do / Doctor
- TARA L THOMAS / Family Practice Physician
- Maine Food Producers Alliance / Association Or Organization
Property Details for 77 Sewall St
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 1.00 lot acres
- Property size
- 20,474 SF
- Property type
- Office buildings
- APN
- AUGU M:00027 B:00092 L:00000
- APU
- AUGUM00027B00092L00000
Description
This exceptional Class A office building, located at 77 Sewall Street in Augusta, Maine, presents a compelling investment opportunity. The three-story structure boasts 21,936 square feet of leasable space, currently fully occupied. A significant portion (approximately 80%) of the tenants are secured by long-term leases with the State of Maine, providing strong and stable income. The building was constructed in 1996 and sits on a one-acre lot zoned for commercial business use. Its prime location offers convenient access to the State Capitol building, enhancing its appeal to government-related businesses. Furthermore, the property enjoys excellent proximity to major transportation arteries, being approximately two miles from Maine Turnpike/I-95, Exit 109A. The asking price is $2,950,000, representing a compelling cap rate of 8.50% and a price per square foot of $134.48. This presents a rare chance to acquire a well-situated, high-performing asset in a desirable Maine location. The property's strong tenancy and strategic location make it an ideal investment for those seeking stable, long-term returns. The building's Class A designation reflects its high-quality construction and modern amenities. This is a turnkey investment opportunity with significant upside potential. The property is situated in Kennebec County, Maine, with a zip code of 04330.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,825,000
- 6.5%
- $1,795,000
- 7%
- $1,660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,050,000
- Geo Method
- $1,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,235,000
- Retail
- $2,195,000
- Mixed-Use
- $2,195,000
- Hospitality
- $1,860,000
- Educational
- $1,995,000
- Residential Income
- $2,030,000
- Energy
- $1,755,000
- Income-Based Land
- $1,995,000
- Food Service
- $2,360,000
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Kennebec
- State
- Maine
- Longitude
- -69.7831
- Latitude
- 44.3098
- CBSA code
- 12300
- CBSA name
- AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
