Catylist ID:
#30875467
| Catylist Listing ID: | 30875467 |
| Property Subtypes: | Free-Standing, Manufacturing, Mixed Use, Warehouse/Distribution, Other |
| Building Size (RSF): | 47,295 SF |
| Gross Land Area: | 1.34 Acres |
| Sale Price: | $999,000 |
| Unit Price: | $21.12 PSF |
| Ceiling: | 12.5 ft. Clear |
| Docks/Doors: | 2 Docks, 4 Doors |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/6/2024 |
Overview / Comments
|
We are pleased to offer an exceptional investment opportunity with the sale of an iconic building that once housed the Maine Baking Company, and over the years, it has been home to Benson & Sullivan Candy Distribution, Selzer and Rydholm, and most recently, Stratham Tire. The building offers over 26,000 square feet of expansive space across its first and second levels, complemented by an additional 14,000 square feet of functional basement space. This building also includes public water & sewer, natural gas, full dry sprinkler system, industrial elevator, four garage bays, two loading docks and an oversized parking lot in rear of building. The property's zoning allows for high-density usage, which includes residential, retail, office suites, storage, warehouse use, and more. Given the increased demand for housing, a condo conversion could be an appealing and profitable option. Minot Ave's prime location provides high visibility and accessibility, with a traffic count greater than 12,000 daily and minutes from the Auburn Turnpike exit. It is situated in a bustling area that offers numerous amenities, such as restaurants, shopping centers, local businesses, healthcare and access to a highly sought-after school district. This makes the building an excellent investment for anyone looking to capitalize on the growth and potential of downtown Auburn, Maine. |
Attachments & Media
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $13,714 (Annual) |
Additional Details
| Nearest MSA: | Lewiston-Auburn |
| County: | Androscoggin |
| Tax ID/APN: | AUBN-000220-000000-000038 |
| Zoning: | GENERAL BUSINESS |
| Property Located Between: | Minot Ave and Washington Street |
| Highway Access: | Maine Turnpike |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1915 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Column Spacing: | 13 |
| Freight Elevators: | 1 |
| Overhead Cranes: | Undisclosed |
| Sprinklers: | Dry |
| Amps: | 800 |
| Volts: | 240 |
| Heat Type: | Propane |
| Heat Source: | Ceiling Units |
| Lighting: | LED |
| Zoning Description: | General Business |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,678 | 45,617 | 61,525 |
| Median Age: | 36.11 | 36.92 | 38.51 |
| Households: | 4,813 | 19,480 | 25,977 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
