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    63 Broad St Auburn, ME 04210

    For Sale
    $430,000

    Prime Auburn location, high traffic, income potential.

    Property size:
    5,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 5,570 square foot retail building, situated on a 0.13-acre lot at 63 Broad Street in Auburn, Maine (zip code 04210), presents a compelling investment opportunity. Constructed in 1933 and zoned DTC, the property boasts a prominent corner location in the New Auburn neighborhood, enjoying high visibility and significant traffic volume, with an annual average daily traffic count of 10,196 vehicles. A walk score of 77 further underscores its accessibility and desirability. The building currently features a convenience store and includes approximately 2,400 square feet of vacant office/retail space, offering flexibility for a variety of uses. A substantial 4,780 square feet of basement storage space provides ample additional utility. The asking price is $430,000, translating to $77.20 per square foot. Existing tenants are on month-to-month leases below market rate, presenting a clear opportunity to increase rental income. This property is ideally suited for an owner-occupant seeking a high-profile location or an investor looking to capitalize on its strong traffic patterns and rental income potential. The property's location in Androscoggin County offers easy access to major transportation routes and a thriving local community.

    Property Features for 63 Broad St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,570 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1933

    HighLights

    • 5,570 SF retail building on a 0.13‑acre lot at 63 Broad Street, Auburn, ME 04210.
    • Prominent corner location in New Auburn with high visibility and 10,196 AADT.
    • Built in 1933, DTC zoning, Walk Score of 77.
    • Currently houses a convenience store plus 2,400 SF of vacant office/retail space.
    • Features 4,780 SF of basement storage.
    • Asking price: $430,000 ($77.20/SF); below‑market leases offer rental upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    -70.2230974
    Latitude
    44.0874131

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    FAQs

    What type of property is this?
    Individual retail property - Prime Auburn location, high traffic, income potential.
    Where is this individual retail property located?
    The property is located at 63 Broad St Auburn, ME.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: 5,570 SF retail building on a 0.13-acre lot at 63 Broad Street, Auburn, ME 04210.; Prominent corner location in New Auburn with high visibility and 10,196 AADT.; Built in 1933, DTC zoning, Walk Score of 77.
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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
    63 Broad St Auburn, ME 04210
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