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For sale
Shopping malls
ME
Auburn
04210
550 Center St

Enclosed Mall with Redevelopment Potential

550 Center Street, Auburn, ME 04210

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For Sale

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Enclosed mall in central Maine with redevelopment and outparcel opportunity.

Type:RETAIL

Property size:

344,369 SF

Lot size:

30.00 Acres

Price / SF:

$27/SF

HighLights

Substantially below replacement cost purchase opportunity for an enclosed mall with redevelopment potential and an additional outparcel.
Tremendous redevelopment upside due to a vacant 60,000 sf anchor space.
Located in the heart of the retail landscape for central Maine, serving a large population (314,373 within a 25‑mile radius) with a strong average household income ($78,009).
Anchored by J.C. Penney and other notable tenants (Bath & Body Works, Game Zone, Spencer's, GNC).
Well‑maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area.
Presence of major retailers in the immediate area (Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby, Shaw’s).

We can help!

Listing Contact

Craig S Young

For Sale

Contact for pricing

Enclosed mall in central Maine with redevelopment and outparcel opportunity.

Type:RETAIL

Property size:

344,369 SF

Lot size:

30.00 Acres

Price / SF:

$27/SF

Added:: Aug 5, 2024
Days on Market:: 678
Last Refresh:: Apr 5 at 8:19 pm

Property Features for 550 Center Street

General Information

Standard status: Active
Size: 344,369 SF
Lot size: 30.00 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Craig S Young

Listing agent Craig S Young

Listing office The Boulos Company

Listing date Aug 5, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

HighLights

Substantially below replacement cost purchase opportunity for an enclosed mall with redevelopment potential and an additional outparcel.
Tremendous redevelopment upside due to a vacant 60,000 sf anchor space.
Located in the heart of the retail landscape for central Maine, serving a large population (314,373 within a 25‑mile radius) with a strong average household income ($78,009).
Anchored by J.C. Penney and other notable tenants (Bath & Body Works, Game Zone, Spencer's, GNC).
Well‑maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area.
Presence of major retailers in the immediate area (Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby, Shaw’s).

Overview

This offering presents a rare opportunity to acquire an enclosed mall with redevelopment potential, along with an additional outparcel, at a price substantially below replacement cost. The classic department store-anchored mall features J.C. Penney and other tenants, including Bath & Body Works, Game Zone, Spencer's, and GNC. A significant redevelopment opportunity exists due to the vacancy of a 60,000 square foot anchor space, previously occupied by TD Bank. The Auburn Mall is situated in the heart of the retail landscape for central Maine, serving the Lewiston/Auburn area, the second largest populated area in the state, with approximately 314,373 people within a 25-mile radius and an average household income of $78,009. The surrounding area is populated with large retail tenants such as Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby, and Shaw’s. The Auburn Mall is a well-maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area. The offering does not include the Goodwill outparcel site, which is being sold separately. The property size is 344,369 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Auburn Mall Shopping Center & Mall An Angels Wing Inc. Discount Store JCPenney Department Store Crystal Incantations, LLC (Bike/Boat/Book/etc) Store GNC (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Auburn
County: Androscoggin
State: Maine
Longitude: -70.2255
Latitude: 44.1214

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For sale
Shopping malls
ME
Auburn
04210
550 Center St

What type of property is this?

Shopping mall - Enclosed mall in central Maine with redevelopment and outparcel opportunity.

Where is this shopping mall located?

The property is located at 550 Center Street Auburn, ME.

What is the asking price?

The asking price for this property is $9,500,000.

What are key features of this property?

This property features: Substantially below replacement cost purchase opportunity for an enclosed mall with redevelopment potential and an additional outparcel.; Tremendous redevelopment upside due to a vacant 60,000 sf anchor space.; Located in the heart of the retail landscape for central Maine, serving a large population (314,373 within a 25‑mile radius) with a strong average household income ($78,009).

550 Center Street, Auburn, ME 04210

Enclosed mall in central Maine with redevelopment and outparcel opportunity.

Property Features for 550 Center Street

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property on Minot Avenue

Auburn Warehouse/Distribution Building For Sale

Industrial Building with Drive-In Storage

Side-by-Side Duplex with Garages

Multi-Structure Residential Income Property

Multi-Family Investment Opportunity, Auburn

Victorian Duplex in Auburn, Maine

Three-Unit Residential Income Building

Triplex with Detached Workshop/Barn

Two-Unit Duplex Property

Townhouse Duplex Investment Property

Auburn Multifamily Home with Garage

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