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1 Hichborn St
Augusta, ME 04330
Retail Property For Sale
Executive Summary
CORE is pleased to bring 1 Hichborn Street to market. The subject property is a two-unit mixed-use building offered for sale in the heart of Augusta. The ground floor is anchored by a well-regarded local Asian-fusion restaurant, while the second floor features a nicely appointed two-bedroom, one-bath apartment spanning the entire top floor. The properties proximity to surrounding Capitol facilities and employers guaranties a continuously strong tenant base.
The property operates with minimal landlord responsibility, and its strong cash flow figures reflect that. Financials available upon request.
The property operates with minimal landlord responsibility, and its strong cash flow figures reflect that. Financials available upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,361 SF
Building Class
C
Year Built
1920
Price
$534,660 CAD
Price Per SF
$122.60 CAD
Cap Rate
10.50%
NOI
$56,139 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.04
Lot Size
0.10 AC
Zoning
BP
Parking
10 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
172’ on Hichborn St
Property Taxes
| Parcel Number | AUGU-000033-000117 | Improvements Assessment | $215,693 CAD |
| Land Assessment | $125,786 CAD | Total Assessment | $341,479 CAD |
Property Taxes
Parcel Number
AUGU-000033-000117
Land Assessment
$125,786 CAD
Improvements Assessment
$215,693 CAD
Total Assessment
$341,479 CAD
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