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    261 Main St Auburn, ME 04210

    For Sale
    Contact for pricing

    Prime 0.22-acre commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.22-acre commercial land parcel, located at 261 Main Street in Auburn, Maine (zip code 04210), presents a unique development opportunity. Zoned T4.2 - Traditional Downtown Neighborhood, this city-owned property is ideally suited for mixed-use projects. Its strategic location places it in close proximity to key amenities, including Auburn City Hall, the YMCA, Hilton Garden Inn, TD Bank, and the US Post Office. The property's assessed value is $55,000, with real estate taxes totaling $1,306.25 for the 2020/2021 fiscal year (Assessor's Ref: Map 231, Lot 04). Significant financial incentives are available to developers. Projects generating at least $2 million in assessable value within the district may qualify for a credit enhancement to offset development costs. The Auburn City Council has committed $1 million to downtown redevelopment initiatives, offering a maximum of $250,000 per project for substantial development assistance. Pricing is negotiable, making this an attractive proposition for the right development plan. This is a rare chance to contribute to the revitalization of Auburn's vibrant downtown core.

    Property Features for 261 Main St

    General Information

    Property type
    Land
    Lot Size
    9,583 SF

    HighLights

    • Assessor's Parcel Number: 231‑04
    • Real Estate Taxes: $1,306.25 (FY 2020/2021)
    • Assessed Value: $55,000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2556579
    Latitude
    44.1114611

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    FAQs

    What type of property is this?
    Land - Prime 0.22-acre commercial land.
    Where is this land located?
    The property is located at 261 Main St Auburn, ME.
    What are key features of this property?
    This property features: Assessor's Parcel Number: 231-04; Real Estate Taxes: $1,306.25 (FY 2020/2021); Assessed Value: $55,000
    Request Owner's contact information
    261 Main St Auburn, ME 04210
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    Auburn, ME 04210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Main St Auburn, ME 04210
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