This exceptional opportunity presents a fully-approved site for a 250-unit multi-family rental housing development that is "Shovel Ready." The package includes a significant property tax reduction and architectural plans, along with two street front Retail / Commercial sites valued at a total of $750,000. Situated approximately 4,000 feet west of I-95 on Civic Center Drive, at the intersection of Leighton Rd. The current approved plans feature 125 X 1 Bed Jr, 118 X 1 Bed, and 8 X1 Bed plus units, along with 36 covered garage spaces. While the residential configuration and site plan can be adjusted, the plan has been meticulously crafted by a renowned architectural firm to mirror the projects in Biddeford and Lebanon, NH. The approvals from both the City and State for Tax Increment Financing and a Credit Enhancement Agreement (TIF/CEA) will reduce property taxes by approximately 65% for 25 years, yielding over $315,000 annually to the Net Operating Income (NOI). The State Department of Environmental Protection (DEP) has pre-approved the project under the Site Location Development Act (SLODA), enabling immediate construction commencement without facing a delay of up to one year. The project is inspired by "The Marek" concept pioneered by Saxon Partners, implemented in various communities across the East Coast and as far west as Colorado. It boasts amenities such as a fitness center, home office area, bistro bar, secure bike and package storage, sidewalks to the nearby Augu
Septic on site. $96,000 for a triple net lease. Property is also for sale.
Discover the appeal of this 0.22-acre gem in Augusta, ideally located in the KBD2 zone. With views of the Kennebec River, this prime in-town lot is a canvas for creative ventures. Embrace the convenience of proximity to shopping, restaurants, and the highway. The seller invites you to explore owner financing deals with a reasonable down payment. Don't miss the chance to bring your creative business ideas to life in this central Augusta location. Act now, and turn this small piece of land into the foundation of your vision.
Augusta ~ 16.71 Acre open lot. High visibility on busy Rt 3. Close to Interstate and downtown Augusta. Bring your ideas!
Augusta ~ 5.26 Acre wooded lot. Close to the interstate and downtown Augusta. High visibility location. Bring your ideas.
Vacant land ready to be developed. Within 1/4 mile of I-95 and MaineGeneral Medical Center. With over 1,200 feet of visible frontage on Route 3 and 450 feet of road frontage on Route 104 (more road frontage on Route 104 can be negotiated), many options exist to bring your business to Augusta! This 50+ acre parcel has a prime location and plenty of visual appeal for your development. The land is mostly wooded and adjacent to all local amenities; desirable neighborhoods, the Kennebec River, hospital, and a shopping center with large name-brand stores.
This 3 unit has lots of potential which includes the opportunity to make it a 4 unit. This building includes a 2 bedroom, a 1 bedroom, and a busy barbershop which are all currently rented. Newer, well maintained natural gas boiler, flooring, and lots of storage in a dry basement. The fourth, and vacant 1 bed unit needs updating, but could be used for storage, converted to a laundry unit, or create one huge luxury suite when combined with the 2 bedroom.
Excellent development opportunity - approved for up to 400 residential units!!! Civic Center Drive location, 17.88 acres, over 500 feet of road frontage, surveyed with site plans. Near Interstate 95, Maine General Hospital, the new VA Home, Marketplace Mall, Augusta Civic Center, etc. A great location for multifamily housing, city water and sewer, wonderful building parcel with scenic and pleasant westerly views. Architectural plans/prints available for 2 buildings, a 32 unit - 4 story building, and a 10-unit Townhouse. A rare find - a large development site for new apartments - there is a big need for more housing! Condominiums are also a possibility. Create your own residential neighborhood with a portfolio of multifamily buildings. May be a good candidate for affordable housing with Maine State Housing program. Call for more details. A great investment opportunity! Broker owned.
The median home value in Augusta, ME is $262,450. This is lower than the county median home value of $274,300. The national median home value is $338,100. The average price of homes sold in Augusta, ME is $262,450. Approximately 46.28% of Augusta homes are owned, compared to 24.96% rented, while 28.75% are vacant. Augusta real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Augusta real estate agent to arrange a tour today!
Augusta, Maine has a population of 18,895. Augusta is less family-centric than the surrounding county with 19.93% of the households containing married families with children. The county average for households married with children is 24.69%.
The median household income in Augusta, Maine is $40,438. The median household income for the surrounding county is $58,097 compared to the national median of $69,021. The median age of people living in Augusta is 45 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 8.3 degrees. The average rainfall is approximately 43.7 inches per year, with 67 inches of snow per year.