Center St Commercial/ Redevelopment Opp FOR SALE


Auburn, ME
$700,000 USD
207-754-7141
, Auburn, ME for Sale
$700,000 USD
FOR SALE
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Center St Commercial/ Redevelopment Opp
Auburn, ME


HIGHLIGHTS

  • Fully available portfolio comprising two properties zoned for commercial adaptability.
  • Center Street frontage in Auburn’s primary commercial district with strong traffic volume.
  • Proximity to Route 4 and quick access to I-95 connects the site to regional markets.
  • Flexible options: acquire the two-asset portfolio or include an additional Bradman Street rental for added income.
  • Neighborhood offers dense consumer activity supported by retailers, restaurants, and services.
  • Located minutes from Downtown Auburn and Lewiston, tapping into a strong employment base.

OVERVIEW

This portfolio presents a unique investment opportunity in Auburn’s primary commercial corridor along Center Street, a major arterial with strong traffic counts. The offering combines a freestanding office/retail property at 555 Center Street with an income-producing residential building at 551 Center Street, both zoned to allow commercial use. This configuration provides immediate cash flow potential with long-term upside, given its strategic zoning flexibility and frontage on one of Auburn’s busiest thoroughfares. The properties are centrally positioned near Auburn’s retail, dining, and service hubs, benefiting from direct access to Route 4 and quick connectivity to Interstate 95. The immediate trade area includes national retailers, hospitality chains, and financial institutions, ensuring daily consumer activity and market stability. Downtown Auburn and neighboring Lewiston are within minutes, expanding the employment and consumer base. Optional inclusion of an additional residential property on Bradman Street presents an add-on for increased portfolio scale and rental income, priced at a premium for comprehensive control of this micro-market location. This is a versatile acquisition for investors seeking stable returns with significant redevelopment or repositioning optionality in an emerging growth corridor of Androscoggin County.

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George StamboulesStamboules GeorgeMore Info
207-754-7141

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George StamboulesStamboules GeorgeMore Info
207-754-7141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.