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Offered at $650,000Under Contract
beds
—
baths
0
sq ft
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Built
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443 Civic Center Drive

Augusta, ME 04330

About this home

Excellent development opportunity - approved for up to 400 apartment units or condos along with single-family homes!!! Civic Center Drive location, 17.88 acres, over 500 feet of road frontage, surveyed with site plans. near Interstate 95, Maine General Hospital, the VA Home, Marketplace Mall, Augusta Civic Center, etc. A great location for housing, etc., city water and sewer at street, wonderful development parcel with very nice scenic and pleasant westerly views. A rare find - a large development site along with a great location - there is a big need for more housing! Condominiums and single family homes are also a good possibility. Create your own residential neighborhood with a portfolio of various style homes, etc. Could also possibly be a residential subdivision with up to 55 house lots. Check with city for number of lots allowed. May be a good candidate for affordable housing with Maine State Housing program. Call for more details. A great investment opportunity! Could be a combination of single-family homes, condominiums, and apartment buildings which would be a very nice mixed-use development. Other commercial uses are allowable also. (Retail, offices, etc. Check with city.) Lots of good possibilities!!

Listing last checked: Listing updated:

Listed by Listing Agent · Sprague & Curtis Real Estate · MLS #1653395

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Details at a glance

Building1 property facts
Style
Other
Land & utilities4 property facts
Lot size
17.88 acres
Water
Public
Sewer
Public Sewer
Zoning
Commercial
Financial2 property facts
Annual taxes
$2,590
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $650,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,503 / monthAdjust
Principal & interest
$3,287
Property tax
$216
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $2,590. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 443 Civic Center Drive

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Request a tour of 443 Civic Center Drive and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

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