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:
9/23/2025
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
Unit #: A1
Book: 6643
Leased Land: No
Page: 0142
Map: 5
Lot: A-1
Tree Growth Y/N: No
Association Y/N: No
Street #: 5
Street Name: Community
Street Type: Drive
County: Kennebec
Town: Augusta
State/Province: ME
Zip Code: 04330
Zoning: CD
Full Tax Amount $: 27384
Tax Year: 2023
Geo Lat: 44.340799
Geo Lon: -69.793312
Property Information
Primary Use: Office
Surveyed: Unknown
Lot Size Acres +/-: 0.75
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 1
Year Built: 2000
SqFt Finished Total: 13446
Location
Near Airport: 1
Near Shopping: 1
Near Turnpike/Interstate: 1
Office Park: 1
Commercial Bldg Information
Gross Income: 219432
Office SqFt +/-: 13446
Operating Expenses: 111321
Total Units: 13
Water Info
Water Frontage: No
Property Uses
Office Building: 1
Basement
Slab: 1
Foundation Materials
Slab: 1
Exterior
Brick: 1
Cooling
Wall/Window Unit(s): 1
Floors
Carpet: 1
Laminate: 1
Tile: 1
Building Features
Internet Access Available: 1
Sprinkler - Wet: 1
Parking
21+ Spaces: 1
On Site: 1
Sewer
Public Sewer: 1
Contract Information
Status: Active
Original List Price: 1750000
List Price: $1,750,000
Current Price: $1,750,000
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: September - 23 - 2025
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