29 Hampshire StAuburn, ME 04210

Property Details for 29 Hampshire St

Year built

1925

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

10,689 SF

Property type

Office properties

Property subtype

Office buildings

APN

AUBN M:240 L:177

APU

AUBNM240L177

Description

This 10,500 square foot, two-story office building at 29 Hampshire Street in Auburn, Maine, is available for $525,000. Built in 1925 and renovated in 2006, this Class C property boasts a prime downtown location near the Auburn Riverwalk. The fully sprinkled building is ADA compliant and features a two-stop passenger elevator, offering efficient layouts and ample natural light. Currently vacant, this versatile space presents a unique opportunity. Zoned for Downtown Traditional Center use, it sits on a 0.23-acre lot with on-site parking and access to municipal water, sewer, and natural gas. Potential uses include traditional office space or a possible residential conversion. The building's modern amenities and desirable location make it an attractive investment for businesses or non-profits. The asking price is $50 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,767,211

  6.5%

  $1,631,272

  7%

  $1,514,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,396,625

  Geo Method

  $1,396,625

• Alternative Use

  Use

  Valuation

  Residential

  $2,022,777

  Hospitality

  $1,852,853

  Educational

  $1,541,552

  Medical

  $1,594,568

  Retail

  $2,397,969

Location Insight

City

Auburn

County

Androscoggin

State

Maine

Latitude

44.0994

Longitude

-70.2285

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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