83 Anthony Ave Augusta, ME 04330-7880
- Office buildings
- 19,188 SF
- 4.28 lot acres
Current Use by Public Records
- Office buildings
Property Details for 83 Anthony Ave
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 4.28 lot acres
- Property size
- 19,188 SF
- Property type
- Office buildings
- APN
- AUGU M:0005A B:0066A L:00000
- APU
- AUGUM0005AB0066AL00000
Description
This exceptional Augusta, Maine industrial property presents a compelling investment opportunity. The 19,188 square foot flex/warehouse building, constructed in 1996, sits on a 4.28-acre lot and boasts a 10% cap rate, generating a net operating income (NOI) of $234,979. Currently 100% occupied by a long-term tenant (Spectrum) under a net lease, the property offers significant income potential. The lease extends to October 31, 2025, with two two-year renewal options, potentially extending occupancy to October 31, 2029. The building features a 12-foot ceiling height, one loading dock, and ample on-site parking exceeding 100 spaces, plus a fenced storage yard. The property is zoned IA - Industrial, offering flexibility for various uses. This Class B building represents a strong owner-user or investment opportunity with a sale price of $2,350,000, translating to a price per square foot of $122.47. The Avangrid Foundation is the current owner. This is a single-story building with a second story. The property is located at 83 Anthony Ave, Augusta, ME 04330.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Kennebec
- State
- Maine
- Longitude
- -69.804
- Latitude
- 44.347
- CBSA code
- 12300
- CBSA name
- AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA
