286 Water StAugusta, ME 04330

Property Details for 286 Water St

Year built

1988

Construction

STEEL FRAME

Lot size

0.37 AC

Property size (Sq ft)

76,510 SF

Property type

Office properties

Property subtype

Office buildings

APN

AUGU M:00034 B:00051 L:00000

APU

AUGUM00034B00051L00000

Description

This exceptional Class A property at 286 Water Street in Augusta offers 76,510 square feet of prime commercial space, ideal for a variety of uses. Currently, there are 23,571 square feet of vacant space available, divisible into units ranging from a minimum of 5,834 square feet to a maximum contiguous space of 12,199 square feet. Three spaces are immediately available, ranging from 5,538 to 12,199 square feet. The building, constructed in 1988, boasts a desirable location in the heart of downtown Augusta, with ample on-site parking. The flexible floor plan allows for customization to suit diverse business needs, including retail, restaurant, or office tenants. First-floor spaces, ranging from 5,834 to 11,372 square feet, benefit from large windows and street-level access, creating excellent visibility and accessibility. The second floor offers a contiguous 12,199 square feet of office space. A charming courtyard provides the potential for outdoor seating, adding a unique amenity to the property. The property is zoned KBD1 - Kennebec Business 1, ensuring a wide range of permitted uses. This is a rare opportunity to secure high-quality commercial space in a thriving downtown location. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $12,649,388

  6.5%

  $11,676,358

  7%

  $10,842,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,996,797

  Geo Method

  $9,996,797

• Alternative Use

  Use

  Valuation

  Residential

  $14,478,685

  Hospitality

  $13,262,397

  Educational

  $11,034,159

  Medical

  $11,413,640

  Retail

  $17,164,246

Location Insight

City

Augusta

County

Kennebec

State

Maine

Latitude

44.3152

Longitude

-69.7744

CBSA code

12300

CBSA name

AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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