79 Main StAuburn, ME 04210

Property Details for 79 Main St

Year built

1875

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

18,778 SF

Property type

Office properties

Property subtype

Office buildings

APN

AUBN M:241 L:027

APU

AUBNM241L027

Description

This exceptional 1,700 square foot office space is located at 79 Main Street in Auburn, Maine, 04210. Situated on a 0.18-acre lot, this property boasts prime first-floor space with prominent street frontage on one of Auburn's busiest thoroughfares, ensuring maximum exposure to high foot and vehicle traffic. The building, constructed in 1875, offers a total of 17,817 square feet, with 1,700 square feet currently available for lease. The space is ideal for businesses seeking a central location within Auburn's vibrant downtown. While currently zoned for office use, potential retail tenants should be aware that a change of use may be required, subject to necessary approvals. This versatile space presents a unique opportunity for businesses looking to establish a strong presence in a high-traffic area. The property consists of a single building and is currently under multiple tenancy. The available space offers excellent visibility and is perfect for businesses seeking maximum exposure to a large customer base. Interested parties should be prepared to navigate the potential requirements for a change of use if retail operations are intended.

• CAP approach

  CAP return

  Valuation

  6%

  $3,104,564

  6.5%

  $2,865,752

  7%

  $2,661,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,453,534

  Geo Method

  $2,453,534

• Alternative Use

  Use

  Valuation

  Residential

  $3,553,532

  Hospitality

  $3,255,016

  Educational

  $2,708,135

  Medical

  $2,801,272

  Retail

  $4,212,655

Location Insight

City

Auburn

County

Androscoggin

State

Maine

Latitude

44.097

Longitude

-70.2252

CBSA code

30340

CBSA name

LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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