730 Center StAuburn, ME 04210

  • Other commercial real estate
  • 260,479 SF
For Lease
$12/SF/YR View listing

Property Details for 730 Center St

Year built
1990
Construction
STEEL FRAME
Lot size
70.68 AC
Property size (Sq ft)
260,479 SF
Property type
Other commercial real estate
APN
AUBN M:290 L:004
APU
AUBNM290L004

Description

Auburn Plaza, located at 730 Center Street, Auburn, ME 04210, presents a unique opportunity for retail businesses seeking high-visibility locations in a thriving market. This 256,798 square foot retail center sits on 23.96 acres and boasts ample on-site parking. Currently, the property is 95% occupied with a diverse tenant mix, including four investment-grade credit tenants (TJ Maxx, Big Lots, Army Recruiting, and Dollar Tree) representing 29% of the center. Three suites are available, ranging from 1,500 to 10,997 contiguous square feet, offering flexibility for various business needs. The minimum divisible space is 1,500 square feet. The property is zoned General Business (GB) and benefits from its location on US Route 4 (Center Street), a major thoroughfare in the Lewiston/Auburn retail corridor, experiencing over 23,000 cars daily. The area is further enhanced by the recent opening of a Target across the street, driving increased traffic and customer flow. Auburn Plaza's strategic location near colleges, hospitals, and other institutions ensures a consistent stream of potential customers. This prime retail space offers excellent visibility and high traffic counts, making it an ideal location for businesses seeking significant growth potential within Androscoggin County. The property consists of a total of three suites. Currently, 14,897 square feet of space is vacant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $49,292,816
    Hospitality
    $45,151,952
    Educational
    $37,565,896
    Medical
    $38,857,844
    Retail
    $58,435,836
730 Center St, Auburn, Maine

Location Insight

City
Auburn
County
Androscoggin
State
Maine
Latitude
44.1266
Longitude
-70.2273
CBSA code
30340
CBSA name
LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$316,236
$2,990,000
$10,910,500
$13,900,500
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-
-
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