Augusta, ME 04330 5 Community Drive # A1
$1,750,000



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Presented By: LAER;
Home Details
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 .
Presented By: LAER;
Interior Features for 5 Community Drive # A1
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
FlooringTile, Laminate, Carpet
General for 5 Community Drive # A1
Additional Parcels Y/NNo
Building FeaturesSprinkler - Wet
Business TypeOffice Building
Carport Y/NNo
CityAugusta
Construction MaterialsBrick
CoolingA/C Units
CountyKennebec
Electric On Property Y/NNo
Garage Y/NNo
Gross Income219432.0
HOANo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet32670.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Operating Expense111321.0
Property SubtypeOffice
Property TypeCommercial Sale
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount27384.0
Tax LotA-1
Tax Year2023
Unit NumberA1
Virtual TourClick here
Waterfront Y/NNo
Year Built2000
ZoningCD
Exterior for 5 Community Drive # A1
Building Area Total13446.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNear Turnpike/Interstate, Near Airport, Near Shopping, Office Park
Lot Size Acres0.75
Lot Size Area0.75
Open Parking Y/NNo
Other EquipmentInternet Access Available
Parking Features21+ Spaces, On Site
Additional Details
Price History

Morgan Camplin
Loan Officer