187 Washington StAuburn, ME 04210

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 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.

• 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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].