Commercial Land with Mixed-Use
553 Center Street Auburn, ME 04210
For Sale
$895,000
COMMERCIAL - Auburn, ME
Property Size3,709 SF
Lot Size0.48 Acres
Price / SF$241.30
Days on Market80
Property Features for 553 Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Rooms
- Basement
- Basement
- Full
- Standard status
- Active
- Size
- 3,709 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10955
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1920
- Building materials
- Wood Frame
Listing Agency:
Tim Dunham Realty
(207) 729-7297
Listed By:
Timothy Dunham
(207) 407-9707
Added: May 8
Changed: Jun 11
Last Checked: Jul 26 at 9:06AM
MLS# 1633924
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features a corner lot comprising three parcels of commercial land. The site includes three structures currently occupied by long-term residential tenants on month-to-month leases. The property offers 100 feet of road frontage on Center Street, positioned across from the Auburn Mall, and 200 feet of road frontage on Bradman Street, near George's Pizza. The lot size is 0.48 acres, and the property size is 3709 square feet. The zoning is designated for mixed-use.
Key Highlights
- Corner lot consisting of 3 parcels of commercial land.
- 100' of road frontage on Center Street (across from Auburn Mall).
- 200' of road frontage on Bradman Street (across from George's Pizza).
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.1k | $21.60 |
| − Vacancy | −$10.1k | −$2.72 |
| EGI | $70.0k | $18.88 |
| − OpEx | −$26.3k | −$7.08 |
| NOI | $43.8k | $11.80 |
3,709 SF · lease $21.60/SF/yr · vacancy 12.60% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$625.2K
$547.0K – $729.4K
NOI $43,762 @ 7.0% cap · market cap 4.89%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Mixed-use property - Corner lot with long-term tenants near Auburn Mall.
Where is this mixed-use property 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: Corner lot consisting of 3 parcels of commercial land.; **100' of road frontage on Center Street (across from Auburn Mall).**; 200' of road frontage on Bradman Street (across from George's Pizza).
