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About This Home

This 0-bedroom, 0-bathroom commercial at 82 Water Street in Augusta, ME is listed for $500,000 ($36 per sqft). Built in 1885, the home offers 13,700 sqft of living space on a 0.14 acres lot.

Agent Description

Calling all investors and developers! This property is positioned in the heart of Augusta's Historic District. This distinctive mixed-use property overlooks the scenic Kennebec River at the north end of Water Street. Located within one of the city's key revitalization areas, the property represents a rare redevelopment and investment opportunity in Maine's capital city, where few comparable properties exist.

The building use is a mix of commercial and residential space. The surrounding downtown continues to experience renewed energy and investment, highlighted by the ongoing restoration of the historic Colonial Theater just down the street -- a landmark project expected to further strengthen the area's cultural and economic growth.

The current owner has made extensive improvements to the building, including new plumbing, electrical systems, framing, and new natural gas heating system, creating a strong foundation for future use. The south portion of the building spans 3 stories including an expansive open basement.

The north side of the building has two stories of additional space, allowing for additional future upgrades. Whether envisioned for commercial, or mixed-use, this property offers exceptional potential and possibilities. Buyer is advised to check with the City of Augusta on commercial/residential uses of the property.

Key Features

  • Built in 1885
  • 0.14 acre lot

Property Details

1885

Amenities

A/C

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

82 Water Street

Augusta, ME 04330

Property Details

Flooring

Wood

Construction

Wood Frame Brick

Parking

On Street

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 82 Water Street is listed at $500,000 ($36/sqft). The estimated monthly payment is $2,167 based on 20% down at 6.5% interest.

Key features include: Built in 1885, 0.14 acre lot.

This property is listed by Jane Montgomery and can be reached at 2062000525 or jane@rizzomattson.com.

JM

Jane Montgomery

Agent at Rizzo Mattson

(206) 200-0525

Listed by Rizzo Mattson

MLS# 1664389· Source: listhub· Updated today

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

82 Water Street, Augusta, ME 04330

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