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56-60 Western Ave
Augusta, ME 04330
Pad Lot 1 · Land For Sale
·
0.13 AC
Investment Highlights
- Mixed-use redevelopment offering hospitality, retail, office, and medical space.
- Located steps from the Maine State Capitol and major state agency offices.
- Mixed-use redevelopment offering hospitality, retail, office, and medical space.
Executive Summary
Capitol Heights Center in Augusta presents a unique investment opportunity for mixed-use development on Western Avenue. The site is fully permitted and strategically located near the Maine State Capitol Building and major state agencies, benefiting from a daily traffic count of approximately 21,337 vehicles. The development plan includes retail, medical, and office suites, as well as hospitality and residential components, with pad-ready sites offered for sale. Surrounding national tenants and strong local demand contribute to potential for long-term growth. Proximity to Interstate 95, the Augusta State Airport, and extensive area amenities enhances the appeal for investors targeting central Maine’s growing commercial corridor..
Property Facts
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | Year Built | 1962 |
| Property Subtype | Commercial | ||
| Zoning | CZLBD - Contract Zoned Local Business District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.13 AC |
| Year Built | 1962 |
| Zoning | CZLBD - Contract Zoned Local Business District |
1 Lot Available
Lot
| Price | $1,458,660 CAD | Lot Size | 0.13 AC |
| Price Per AC | $11,222,015.13 CAD |
| Price | $1,458,660 CAD |
| Price Per AC | $11,222,015.13 CAD |
| Lot Size | 0.13 AC |
The site is fully permitted and strategically located near the Maine State Capitol Building and major state agencies.
Description
New development at the new Capitol Heights Center – a mixed-use development featuring hospitality, housing, medical, and retail space Retail/office/medical suites available ranging from 2,000-15,000± SF Pad-ready development sites available for sale or lease Located on busy Western Ave, featuring traffic counts of 21,337 AADT, and just steps to the Maine State Capitol Building and ancillary state agencies See broker for availability & pricing details
Property Taxes
| Parcel Number | AUGU-000027-000195 | Improvements Assessment | $126,766 CAD |
| Land Assessment | $2,373,857 CAD | Total Assessment | $2,500,623 CAD |
Property Taxes
Parcel Number
AUGU-000027-000195
Land Assessment
$2,373,857 CAD
Improvements Assessment
$126,766 CAD
Total Assessment
$2,500,623 CAD
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