550 Center Street Auburn, ME 4210
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Enclosed mall in central Maine with redevelopment and outparcel opportunity.
Type:RETAIL
Property size:
344,369 SFLot size:
30.00 AcresPrice / SF:
$27/SF- Added:
- Aug 5, 2024
- Days on Market:
- 633
- 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
Listing agent Craig S Young (207) 329-8203
Listing office The Boulos Company (207) 329-8203
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
Overview
Enclosed Mall with Redevelopment Potential
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
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2255
- Latitude
- 44.1214
Nearby Similar for Sale
FAQs
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).
