Flexible Medical Wellness Flex
637 Minot Avenue Auburn, ME 04210
637 Minot Avenue, Auburn, ME, 04210
$725,000
For Sale
$725,000
Versatile flex building with an existing indoor pool and open-plan layout, with private entrance and on-site parking.
Property Size9,514 SF
Price / SF$76.20
Days on Market317
Property Features for 637 Minot Avenue
General Information
- Standard status
- Active
- Size
- 9,514 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1988
Listing agency
Century 21 North East
(207) 749-4995
Listed by
Michelle Libby · License #BA919536
(207) 749-4995
Source
Xome
Added: Sep 9, 2025 Updated: Jul 21 at 7:23AM Checked: Jul 21 at 7:23AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This flexible medical, wellness, office, retail, fitness, education, or showroom flex building offers an open-plan layout in a range of 3,176 to 8,719± SF. The property includes an existing 60' × 25' indoor pool, which may support aquatic-oriented uses or be converted to additional floor area. The building also features fire and security systems, a wet sprinkler system, municipal water/sewer, and natural gas.
Located at 637 Minot Avenue in Auburn, ME, the property is described as having strong visibility with an average daily traffic count of 15,500 (ME DOT). The offering includes a private entrance and free, dedicated parking.
General Business II zoning supports a wide range of commercial uses. The building is configured to allow a partially completed area to be rented with separate space and its own entrance, while an owner can occupy and operate from the remaining portion.
Located at 637 Minot Avenue in Auburn, ME, the property is described as having strong visibility with an average daily traffic count of 15,500 (ME DOT). The offering includes a private entrance and free, dedicated parking.
General Business II zoning supports a wide range of commercial uses. The building is configured to allow a partially completed area to be rented with separate space and its own entrance, while an owner can occupy and operate from the remaining portion.
Key Highlights
- Flex building with 3,176–8,719± SF open‑plan layout for medical, wellness, office, fitness, education, or showroom use
- Existing 60' × 25' indoor pool on‑site with potential for aquatic therapy/training or conversion to additional space
- Private entrance plus free, dedicated on‑site paved driveway parking for tenants and clients
Local Financial Insights For Flex RnD
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 | $90.2k | $9.48 |
| − Vacancy | −$2.2k | −$0.24 |
| EGI | $87.9k | $9.24 |
| − OpEx | −$30.8k | −$3.24 |
| NOI | $57.2k | $6.01 |
9,514 SF · lease $9.48/SF/yr · vacancy 2.49% · expense 35.00%
Alternative Uses
Best Use
Industrial
$13.92M
$12.18M – $16.23M
NOI $974,096 @ 7.0% cap · market cap 134.36%
Second Best
Office B
$2.20M
$1.93M – $2.57M
NOI $154,164 @ 7.0% cap · market cap 21.26%
Theoretical Best
Warehouse
$16.90M
$14.79M – $19.71M
NOI $1,182,830 @ 7.0% cap · market cap 163.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael C. Duff, ...
Physician
Rebecca Cobb, MSPT
Physician
New England Epoxy ...
Carpet & Flooring Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex building with an existing indoor pool and open-plan layout, with private entrance and on-site parking.
Where is this flex space located?
The property is located at 637 Minot Avenue Auburn, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Flex building with 3,176–8,719± SF open‑plan layout for medical, wellness, office, fitness, education, or showroom use; Existing 60' × 25' indoor pool on‑site with potential for aquatic therapy/training or conversion to additional space; Private entrance plus free, dedicated on‑site paved driveway parking for tenants and clients
