550 Center St - Freestanding FOR SALE


Auburn, ME 04210
$18,000,000 USD
207-329-8203
550 Center St, Auburn, ME for Sale
$18,000,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

550 Center St
Auburn, ME 04210


OVERVIEW

• Rare opportunity to purchase an enclosed Mall with redevelopment potential and additional outparcels at substantially below replacement cost. • Classic department store anchored Mall with J.C. Penney and other notable tenants including Books-A-Million, Bath & Body Works, Game Zone, Spencer's, and GNC to name a few. • Tremendous redevelopment upside given pending vacancy of the other 60,000 sf anchor, currently occupied by TD Bank. • The Auburn Mall is in the heart of the retail landscape for central Maine. Lewiston/Auburn is the second largest populated area in the state with approximately 314,373 people within a 25-mile radius and an average household income of $78,009. • Larger retail tenants in the immediate area include Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby and Shaw’s. • Tenants notably missing from the area include Costco, Market Basket, Hannaford, and Aldi's to name a few. • The Auburn Mall is a well-maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auburn Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

1776

LAND DETAILS

CROSS STREETS

SEC Center St & Mt Auburn Ave

LAND ACRES

33.8 AC

LAND SF

1,472,328 SF

ZONING

C

APN/PARCEL ID

AUBN-000280-000000-000010

ASK ABOUT THIS PROPERTY

Craig YoungThe Boulos CompanyMore Info
207-329-8203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Craig YoungThe Boulos CompanyMore Info
207-329-8203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.