187 Washington StAuburn, ME 04210
- Office properties
- 7,380 SF
Property Details for 187 Washington St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.50 AC
- Property size (Sq ft)
- 7,380 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- AUBN M:210 L:015
- APU
- AUBNM210L015
Description
This exceptional 8,856-square-foot executive office building, located at 187 Washington Street in Auburn, Maine, presents a unique opportunity for owner-occupancy or investment. Situated on a 0.66-acre lot, this three-story building, constructed in 1920, boasts high visibility on Route 202, providing easy access to downtown Auburn and the Maine Turnpike. The entire building is currently vacant, offering immediate occupancy for a single tenant. The property is zoned as Commercial Form Based Code Gateway Development District (CFBCGD) within Androscoggin County, and includes ample parking with 20 spaces available. The building's substantial size and prime location make it ideal for a variety of businesses seeking a prominent presence in a thriving Maine community. This is a rare chance to acquire a substantial, well-located office building in a desirable area. The property's vacant status allows for complete customization to suit a new tenant's specific needs and preferences. With its convenient access to major transportation routes and the vibrant downtown area, this property offers unparalleled convenience and exposure. The 04210 zip code ensures easy access to a range of amenities and services. Consider the potential of this significant commercial property in a growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,220,134
- 6.5%
- $1,126,278
- 7%
- $1,045,830
-
Comparable approach
- Method
- Valuation
- Relative Method
- $964,271
- Geo Method
- $964,271
-
Alternative Use
- Use
- Valuation
- Residential
- $1,396,585
- Hospitality
- $1,279,264
- Educational
- $1,064,333
- Medical
- $1,100,937
- Retail
- $1,655,629
Location Insight
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Latitude
- 44.0834
- Longitude
- -70.2335
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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