Enclosed Mall with Redevelopment
550 Center St Auburn, ME 04210
For Sale
Contact for pricing
Enclosed mall in central Maine with redevelopment and outparcel opportunity.
Property Size344,369 SF
Lot Size30.00 Acres
Price / SF$25.84
Days on Market724
Property Features for 550 Center St
General Information
Standard status
Active
Size
344,369 SF
Lot size
30.00 Acres
Property subtype
RETAIL
Properties For Sale
at 550 Center St Contact us
Listing Agency:
The Boulos Company
(207) 329-8203
Listed By:
Craig S Young · License #BR928219
(207) 329-8203
Source:
Moodyscre
Added: Aug 5, 2024
Changed: Jul 6
Last Checked: Jul 22 at 4:19AM
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
Investment Insights
Based on property information with market context.
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.
Key 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).
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 St Auburn, ME.
What is the asking price?
The asking price for this property is $8,900,000.
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).
