Mixed-Use Commercial Property with
For Sale
Under Contract
$700,000
823 Washington Street N, Auburn, ME 04210
COMMERCIAL - Auburn, ME
Property Size3,906 SF
Lot Size1.93 Acres
Price / SF$179.21
Days on Market209
Property Features for 823 Washington Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Size
3,906 SF
Lot size
1.93 Acres
Building Details
Year built
1920
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
(207) 782-8311
Listed By:
Evan Cyr
(207) 782-8311
Added: Jan 9
Changed: Aug 1
Last Checked: Aug 6 at 8:06AM
MLS# 1648985
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a combined residential and commercial setup on 1.93 acres. The cape-style home has been completely updated and features 4 bedrooms, 2.5 baths, a large sunny living room, dining room, fully applianced kitchen, deck, and a 2-car garage. The front of the building includes an additional room with a half bath that was previously used as retail space and has ample paved parking.
Also included is a 48' x 100' metal-sided commercial building built in 2023. The warehouse has two overhead doors, three man doors, and a new concrete floor, providing space for storage, distribution, or light manufacturing operations. The site is located in Auburn, Maine, just minutes to Exit 80 of the Maine Turnpike.
Overall, the layout supports on-site flexibility for an owner-operator or tenant needing both flexible workspace and residential space.
Also included is a 48' x 100' metal-sided commercial building built in 2023. The warehouse has two overhead doors, three man doors, and a new concrete floor, providing space for storage, distribution, or light manufacturing operations. The site is located in Auburn, Maine, just minutes to Exit 80 of the Maine Turnpike.
Overall, the layout supports on-site flexibility for an owner-operator or tenant needing both flexible workspace and residential space.
Key Highlights
- 1.93‑acre property in Auburn with a highly visible setup minutes to Exit 80 of the ME Turnpike
- Updated 4‑bedroom, 2.5‑bath cape style home with large sunny living room, dining room, fully applianced kitchen, deck, and 2‑car garage
- Includes additional front room with a half bath previously used as retail space plus ample paved parking
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $18.00 |
| − Vacancy | −$12.0k | −$3.06 |
| EGI | $58.4k | $14.94 |
| − OpEx | −$17.5k | −$4.48 |
| NOI | $40.8k | $10.46 |
3,906 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$6.94M
$6.07M – $8.09M
NOI $485,614 @ 7.0% cap · market cap 69.37%
Second Best
Retail
$583.6K
$510.6K – $680.8K
NOI $40,849 @ 7.0% cap · market cap 5.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Includes a updated cape-style home and a 2023 metal-sided warehouse with overhead and man doors on 1.93 acres.
Where is this single family property located?
The property is located at 823 Washington Street N Auburn, ME.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1.93‑acre property in Auburn with a highly visible setup minutes to Exit 80 of the ME Turnpike; Updated 4‑bedroom, 2.5‑bath cape style home with large sunny living room, dining room, fully applianced kitchen, deck, and 2‑car garage; Includes additional front room with a half bath previously used as retail space plus ample paved parking
