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    187 Washington St Auburn, ME 04210

    Sponsored
    For Lease
    $5 SF/Yr ($3,690 /Mo)

    8,856 SF Office Building - For Sale/Lease

    Lot size:
    8,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,856-square-foot executive office building, located at 187 Washington Street in Auburn, Maine, presents a unique opportunity for owner-occupancy or investment. Situated on a 0.66-acre lot, this three-story building, constructed in 1920, boasts high visibility on Route 202, providing easy access to downtown Auburn and the Maine Turnpike. The entire building is currently vacant, offering immediate occupancy for a single tenant. The property is zoned as Commercial Form Based Code Gateway Development District (CFBCGD) within Androscoggin County, and includes ample parking with 20 spaces available. The building's substantial size and prime location make it ideal for a variety of businesses seeking a prominent presence in a thriving Maine community. This is a rare chance to acquire a substantial, well-located office building in a desirable area. The property's vacant status allows for complete customization to suit a new tenant's specific needs and preferences. With its convenient access to major transportation routes and the vibrant downtown area, this property offers unparalleled convenience and exposure. The 04210 zip code ensures easy access to a range of amenities and services. Consider the potential of this significant commercial property in a growing market.

    Property Features for 187 Washington St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,856 SF
    Total Rate
    3690

    Building Details

    Year Built
    1920
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,856 SF
    Rate per SF
    $8

    HighLights

    • Prime location near I‑95 and Downtown Auburn.
    • High visibility from Route 202.
    • Features two 8' x 8' overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connectivity Point Design Security System Installer Connectivity Point Design ... Telecommunications Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2334612
    Latitude
    44.0833883

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    FAQs

    What type of property is this?
    Office Property / Space - 8,856 SF Office Building - For Sale/Lease
    Where is this office property / space located?
    The property is located at 187 Washington St Auburn, ME.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Prime location near I-95 and Downtown Auburn.; High visibility from Route 202.; Features two 8' x 8' overhead doors.
    Request Owner's contact information
    187 Washington 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
    187 Washington St Auburn, ME 04210
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