5 Community Drive A1, Augusta, ME 04330 (MLS# 1614192)
5 Community Drive A1, Augusta, ME 04330
$1,750,000
Property Type:
Commercial
Square Footage:
13,446
Lot Size (sq. ft.):
32,670
Status:
Active
Current Price:
$1,750,000
List Date:
2/10/2025
Last Modified:
12/18/2025
Description
. Once every 25 years an opportunity like this comes available . Augusta is the place to be and this location is perfect! Present 2025 rental income is $20,931 per month or $257.832 per year 2024 annual expenses were $110,834 . Net income of $146,998. Long term tenants in place . Cap rate is 8.39 percent. Location Location-Location! First Class commercial office building at the crossroads of commerce, adjacent to the Mall at Augusta, The University of Maine at Augusta and The Augusta Civic Center. Over 13,000 square feet of prime office space. Long term tenants with leases in 12 different office suites. A great collection of professional tenants that share a conference area, a fully equipped gym, a customer waiting area and bathrooms. First floor office space with multiple entrances and plenty of parking. This premium office building is owned by four impressive owners and the building is a condo with great exposure and large traffic count. This property is 88 % leased out and an additional three suites are available to lease out for additional income This location is ideal . Original owner has had the property since it was built in 2000
Supplements: ********
More Information MLS# 1614192
Location Information
Street #: 5
Street Name: Community
Street Type: Drive
Unit #: A1
County: Kennebec
Town: Augusta
State/Province: ME
Zip Code: 04330
Leased Land: No
Book: 6643
Page: 0142
Map: 5
Lot: A-1
Zoning: CD
Full Tax Amount $: 27384
Tax Year: 2023
Tree Growth Y/N: No
Association Y/N: No
Geo Lat: 44.340799
Geo Lon: -69.793312
Contract Information
Status: Active
Original List Price: 1750000
List Price: $1,750,000
Current Price: $1,750,000
Property Information
Primary Use: Office
Surveyed: Unknown
Year Built: 2000
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 1
SqFt Finished Total: 13446
Lot Size Acres +/-: 0.75
Commercial Bldg Information
Gross Income: 219432
Office SqFt +/-: 13446
Operating Expenses: 111321
Total Units: 13
Water Info
Water Frontage: No
Property Features
Location: Near Airport; Near Shopping; Near Turnpike/Interstate; Office Park
Property Uses: Office Building
Basement: Slab
Foundation Materials: Slab
Exterior: Brick
Cooling: Wall/Window Unit(s)
Floors: Carpet; Laminate; Tile
Building Features: Internet Access Available; Sprinkler - Wet
Parking: 21+ Spaces; On Site
Sewer: Public Sewer
Documents
Property Disclosure Public Access ›Listing Office: LAER
Last Updated: December - 18 - 2025
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