261 Main St Auburn, ME 04210

Listing Agency The Boulos Company Portland

Listed by Chris Paszyc · License #ME BR913433

Source Crexi

Added: Feb 20, 2021 Checked: Jul 19 at 8:53 am

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Investment Insights

Based on property information with market context.

This 0.22± acre City-owned development site is ideal for mixed use. It is in close proximity to Auburn City Hall, YMCA, Hilton Garden Inn, TD Bank and the US Post Office. Projects that create a minimum of $2 million in assessable value within the district may be eligible for a Credit Enhancement to assist with development costs. The Auburn City Council has allocated $1 million toward downtown redevelopment projects. A maximum of $250,000 per project is available to assist with substantial development. Pricing is negotiable for the right project.

Key Highlights

• City‑owned development site ideal for mixed‑use projects
• Potential eligibility for Credit Enhancement for projects creating a minimum of $2 million in assessable value
• Proximity to Auburn City Hall, YMCA, Hilton Garden Inn, TD Bank, and US Post Office

Property Analytics

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FAQs

What type of property is this?

Commercial land - 0.22 acre development site ideal for mixed use.

Where is this commercial land located?

The property is located at 261 Main St Auburn, ME.

What are key features of this property?

This property features: City‑owned development site ideal for mixed‑use projects; Potential eligibility for Credit Enhancement for projects creating a minimum of $2 million in assessable value; Proximity to Auburn City Hall, YMCA, Hilton Garden Inn, TD Bank, and US Post Office