Listing Agency: The Boulos Company Show Phone

Listed By: Christopher Paszyc, CCIM, SIOR Show Phone

Source: Moodyscre

Added: Feb 19, 2021 Changed: Jul 6 Last Checked: Jul 21 at 6:06AM

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Investment Insights

Based on property information with market context.

This is a 0.22± acre city-owned development site. It is ideal for mixed use. Projects that create a minimum of $2 million in assessable value within the district may be eligible for a Credit Enhancement to assist with development costs. The Auburn City Council has allocated $1 million toward downtown redevelopment projects. A maximum of $250,000 per project is available to assist with substantial development. Pricing is negotiable for the right project.

Key Highlights

• City‑owned development site ideal for mixed‑use projects.
• Potential eligibility for Credit Enhancement for projects creating a minimum of $2 million in assessable value.
• Auburn City Council allocated $1 million toward downtown redevelopment projects.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Florist Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,483

Businesses Nearby

Explore this area Business Placement

Market

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Frequently Asked Questions

What type of property is this?

Land - 0.22 acre development site ideal for mixed use.

Where is this land located?

The property is located at 261 main street Auburn, ME.

What are key features of this property?

This property features: City‑owned development site ideal for mixed‑use projects.; Potential eligibility for Credit Enhancement for projects creating a minimum of $2 million in assessable value.; Auburn City Council allocated $1 million toward downtown redevelopment projects.