550 Center St Auburn, ME 04210

This exceptional investment opportunity presents a 344,369 square foot Class B shopping center in Auburn, Maine, currently boasting 95% occupancy. Located on 33.8 acres with 1,776 parking spaces, this single-story, 1979-built mall is situated on 550 Center St, Auburn, ME 04210 (APN: Map 280, Lot 10). The property features a strong tenant mix including J.C. Penney, Books-A-Million, Bath & Body Works, and others. A significant redevelopment opportunity exists with the pending vacancy of a 60,000 square foot anchor space previously occupied by TD Bank, slated to vacate by December 2024. The property also includes two outparcels, one occupied by Goodwill Industries (17,802 SF) and another (3,752 SF) leased to a cannabis retailer. Site plan approvals are in place for four additional outparcels along Center Street and Mt. Auburn Ave. The Auburn Mall is strategically positioned in the heart of central Maine's retail landscape, serving the Lewiston/Auburn area and beyond. This prime location benefits from a strong population base (314,373 within a 25-mile radius) and high average household income ($78,009). The asking price is $18,000,000 ($52.27/SF), presenting a rare chance to acquire a substantial retail asset with significant upside potential. The property is zoned commercial and operates under a NNN lease structure. This is a multi-tenant property owned by Auburn Plaza, Inc. The opportunity to attract additional retailers, including those currently absent from the area (Costco, Market Basket, Hannaford, Aldi's), is significant. Don't miss this chance to acquire a major retail center in a thriving Maine market.