63 Broad StAuburn, ME 04210

Property Details for 63 Broad St

Year built

1933

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

5,570 SF

Property type

Commercial real estate

APN

AUBN M:221 L:088

APU

AUBNM221L088

Description

This exceptional 5,570 square foot retail building, situated on a 0.13-acre lot at 63 Broad Street in Auburn, Maine (zip code 04210), presents a compelling investment opportunity. Constructed in 1933 and zoned DTC, the property boasts a prominent corner location in the New Auburn neighborhood, enjoying high visibility and significant traffic volume, with an annual average daily traffic count of 10,196 vehicles. A walk score of 77 further underscores its accessibility and desirability. The building currently features a convenience store and includes approximately 2,400 square feet of vacant office/retail space, offering flexibility for a variety of uses. A substantial 4,780 square feet of basement storage space provides ample additional utility. The asking price is $430,000, translating to $77.20 per square foot. Existing tenants are on month-to-month leases below market rate, presenting a clear opportunity to increase rental income. This property is ideally suited for an owner-occupant seeking a high-profile location or an investor looking to capitalize on its strong traffic patterns and rental income potential. The property's location in Androscoggin County offers easy access to major transportation routes and a thriving local community.

• Alternative Use

  Use

  Valuation

  Residential

  $1,054,062

  Hospitality

  $965,515

  Educational

  $803,297

  Medical

  $830,924

  Retail

  $1,249,573

Location Insight

City

Auburn

County

Androscoggin

State

Maine

Latitude

44.0874

Longitude

-70.2233

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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