Corner Commercial
For Sale
$895,000
553 Center Street, Auburn, ME 04210
Three existing structures are occupied by residential tenants on month-to-month leases.
Property Size3,709 SF
Price / SF$241.30
Days on Market448
Property Features for 553 Center Street
General Information
Standard status
Active
Size
3,709 SF
Property subtype
Commercial
Zoning
Mixed Use
Taxes and HOA fees
Annual Taxes
$10,954
Building Details
Building Size
3,709 SF
Year Built
1920
Stories
2
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Aug 11, 2025
Changed: Nov 1
Last Checked: Oct 29 at 2:36PM
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 Integrity Homes Real Estate Group, PC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises a corner site made up of three parcels, with three structures currently occupied by residential tenants under month-to-month leases.
The site has 100 feet of frontage on Center Street, across from Auburn Mall, and 200 feet on Bradman Street, across from George's Pizza.
The site has 100 feet of frontage on Center Street, across from Auburn Mall, and 200 feet on Bradman Street, across from George's Pizza.
Key Highlights
- Three parcels with three existing structures
- Residential tenants occupy the structures on month‑to‑month leases
- 100 feet of frontage on Center Street across from Auburn Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,757
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,140
$695.1K
Cap Rate 7%
$496,529
$496.5K
Cap Rate 9%
$386,189
$386.2K
Market Conditions
NOI Build-Up for 3,709 SF
Gross rent
$64.1K $17.28/SF
− Vacancy
−$897 −$0.24/SF
EGI
$63.2K $17.04/SF
− OpEx
−$28.4K −$7.67/SF
NOI
$34.8K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,140
Cap Rate 7%
$496,529
Cap Rate 9%
$386,189
Alternative Uses
Best Use
Apartment 5plus
$496.5K
$434.5K – $579.3K
NOI $34,757 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.59M
$5.76M – $7.69M
NOI $461,122 @ 7.0% cap · market cap 51.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
540
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - Three existing structures are occupied by residential tenants on month-to-month leases.
Where is this commercial land located?
The property is located at 553 Center Street Auburn, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three parcels with three existing structures; Residential tenants occupy the structures on month‑to‑month leases; 100 feet of frontage on Center Street across from Auburn Mall
