The Arsenal in Augusta-Tax Credits

Augusta, ME (Kennebec County)

The Arsenal in Augusta-Tax Credits

Asking Price:$1,875,000


The Arsenal in Augusta-Tax Credits

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Asset Sale Description

Built between 1828-1838, the complex of eight granite buildings occupies a commanding location on the east bank of the Kennebec River. Property is also nationally significant as the best surviving example of an early nineteenth century military complex of this type.

Sitting on 41 acres a number of the buildings are National Landmarks and one building is a certified historic structure.

Qualified for Federal and Maine Historic Tax Credits this property is ripe for development. Senior living, condos, apartments, community hub with restaurants, event center, the possibilities are limitless.

Detailed Information

Located on the East side of the Kennebec River front, situated on 40+ Acres. Originally developed in 1828-1838 to house arms and munitions for the U.S.Army patrolling northern and eastern frontiers. Substantial historical tax credits are already in place! Possibility for a school, condos, market rate apartments, retail, manufacturing, spa...scope is limitless. Located 1 mile from the State Capital.
Support & Training:
Seller and potential community funding available for development of this property. Tax Credits are already in place!

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John McCarthy

Asset Sale Listed By:
John McCarthy

Legacy Properties Sotheby's Internationa

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