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Vacant-User

Auction - Single Tenant Retail | 16K VPD | Signalized Hard Corner

64 Bangor St, Augusta, ME 04330

Listing Price: $40,000

Rentable SF
3,168
Lot Size
0.23 acres
Year Built
1930

Investment Overview

Marcus & Millichap and Crexi are pleased to present a vacant, free-standing, retail building located at 64 Bangor Street in Augusta, Maine (the "Property"). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Positioned on a hard corner with ±0.23 acres of land, the Property offers abundant parking and is comprised of a two-story, free-standing building totaling ±3,168 square feet. The Property was formerly occupied by Auclair Cycle & Ski and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. The Property is improved with an additional structure at the rear of the parcel with the value-add opportunity to increase rentable space. The Property is located in the “CB” Local Business District which offers favorable flexible zoning allowing for a variety of uses. Augusta is the state capital of Maine and the county seat of Kennebec County. The city is centrally located from Maine’s largest cities, approximately 60 miles north of Portland and 70 miles south of Bangor. The Property is positioned along Bangor Street and benefits from its signalized corner location with 16,113 vehicles passing through the area daily. The neighborhood is developed with residential development, small retail sites, and light industrial. The Property offers convenient access to the greater area and is ideally positioned 2.5 miles from I-95. The Property is positioned within 2-miles of numerous traffic drivers including Augusta State Airport, Maine State House, University of Maine at Augusta, and others. The Property serves ±24,239 individuals with an AHHI of ±$65,947 within a 5-mile trade area.

Investment Highlights

  • Freestanding Vacant Retail Building Available at Significant Discount Below Replacement Cost
  • Signalized Hard Corner with ±16,113 VPD Traffic Counts
  • Zoned CB, Local Business Suitable for a Variety of General Commercial Uses
  • Nearby Traffic Drivers: McDonald's, Dunkin, Dairy Queen, Walgreens, Subway, Tire Warehouse, and more

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Vacant-User

Auction - Single Tenant Retail | 16K VPD | Signalized Hard Corner

Listing Price: $40,000

Rentable SF
3,168
Lot Size
0.23 acres
Year Built
1930

Investment Highlights

  • Freestanding Vacant Retail Building Available at Significant Discount Below Replacement Cost
  • Signalized Hard Corner with ±16,113 VPD Traffic Counts
  • Zoned CB, Local Business Suitable for a Variety of General Commercial Uses
  • Nearby Traffic Drivers: McDonald's, Dunkin, Dairy Queen, Walgreens, Subway, Tire Warehouse, and more

Investment Overview

Marcus & Millichap and Crexi are pleased to present a vacant, free-standing, retail building located at 64 Bangor Street in Augusta, Maine (the "Property"). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Positioned on a hard corner with ±0.23 acres of land, the Property offers abundant parking and is comprised of a two-story, free-standing building totaling ±3,168 square feet. The Property was formerly occupied by Auclair Cycle & Ski and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. The Property is improved with an additional structure at the rear of the parcel with the value-add opportunity to increase rentable space. The Property is located in the “CB” Local Business District which offers favorable flexible zoning allowing for a variety of uses. Augusta is the state capital of Maine and the county seat of Kennebec County. The city is centrally located from Maine’s largest cities, approximately 60 miles north of Portland and 70 miles south of Bangor. The Property is positioned along Bangor Street and benefits from its signalized corner location with 16,113 vehicles passing through the area daily. The neighborhood is developed with residential development, small retail sites, and light industrial. The Property offers convenient access to the greater area and is ideally positioned 2.5 miles from I-95. The Property is positioned within 2-miles of numerous traffic drivers including Augusta State Airport, Maine State House, University of Maine at Augusta, and others. The Property serves ±24,239 individuals with an AHHI of ±$65,947 within a 5-mile trade area.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

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