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: 3/30/2026

Overview

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 ad ...

Listing Details 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

Contract Information

Original List Price
1750000

Property Information

Primary Use
Office
Surveyed
Unknown
Year Built
2000
Tenancy
Multiple Tenants
Leases
Yes
Total # Floors
Yes
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

Location

Near Airport
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes
Office Park
Yes

More Information

Property Uses

Office Building
Yes

Basement

Slab
Yes

Foundation Materials

Slab
Yes

Exterior

Brick
Yes

Cooling

Wall/Window Unit(s)
Yes

Floors

Carpet
Yes
Laminate
Yes
Tile
Yes

Building Features

Internet Access Available
Yes
Sprinkler - Wet
Yes

Parking

21+ Spaces
Yes
On Site
Yes

Sewer

Public Sewer
Yes

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

IDX
Listing Office: LAER
Last Updated: March - 30 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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