5 Community Drive #A1 Augusta, ME

$1,750,000
Square Footage 13,446
Acres 0.75
Photo of 5 Community Drive Augusta ME 04330




Description

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. 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 $251,172 per year 2024 annual expenses were $110,834 . Net income of $140.338 . Long term tenants in place . Potential of an additional $9060 in income to lease last unit and a storage area .


Listed by LAER, John Blouin 207-622-2220

Details

MLS 1614192
Status Active
Price $1,750,000
DOM 97 days
Type Commercial
Square Feet 13,446 sqft
Lot Size 0.75 acres
Year Built 2000
Taxes Paid $27,384

Lot & Building Features

Cooling A/C Units
Tax Year 2023
Taxes Paid $27,384

Map

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Financing

$
20%
1.5648%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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