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    586 Lewiston Junction Rd Auburn, ME 04210

    For Sale
    $6,950,000

    Prime Maine industrial warehouse, value-add opportunity.

    Property size:
    123,359 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 123,359-square-foot warehouse, situated on a substantial 72.67-acre lot in Auburn, Maine, presents a compelling owner-user or value-add investment opportunity. The property, located at 586 Lewiston Junction Road, boasts a strategic location with frontage on Lewiston Junction Road and Cascades Drive. Built in 1995 and renovated in 2018, the three-story building features seven loading docks, seven dock-high doors, and impressive ceiling heights ranging from 12 to 30 feet. The property is comprised of five units within a single building and is zoned for industrial use, including Free Trade Zone designation, offering considerable flexibility for a variety of businesses. The expansive lot size provides ample room for expansion or future development. A key advantage is the convenient access to a rail spur located south of the warehouse, enhancing logistical capabilities. This property offers a rare combination of size, location, and functionality, making it an ideal choice for businesses seeking a significant industrial footprint in a thriving Maine market. The asking price is $6,950,000, and the lease type is NNN.

    Property Features for 586 Lewiston Junction Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    123,359 SF
    Lot Size
    3,165,505 SF

    Building Details

    Year Built/Renovated
    1995/2018
    Buildings
    1
    Stories
    3
    Units
    5

    HighLights

    • 123,359‑square‑foot warehouse on a 72.67‑acre lot in Auburn, Maine.
    • Located at 586 Lewiston Junction Road, with frontage on Lewiston Junction Road and Cascades Drive.
    • Built in 1995, renovated in 2018; features seven loading docks, seven dock‑high doors, and 12‑30 foot ceiling heights.
    • Five units within a single, three‑story building; zoned industrial, including Free Trade Zone designation.
    • Ample room for expansion; convenient rail spur access.
    • Asking price: $6,950,000; NNN lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    General Insulation Company, ... Wholesaler

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Pharmacy Department Store Storage Facility HVAC Service Furniture Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2991834
    Latitude
    44.045031

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    FAQs

    What type of property is this?
    Distribution property - Prime Maine industrial warehouse, value-add opportunity.
    Where is this distribution property located?
    The property is located at 586 Lewiston Junction Rd Auburn, ME.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: 123,359-square-foot warehouse on a 72.67-acre lot in Auburn, Maine.; Located at 586 Lewiston Junction Road, with frontage on Lewiston Junction Road and Cascades Drive.; Built in 1995, renovated in 2018; features seven loading docks, seven dock-high doors, and 12-30 foot ceiling heights.
    Request Owner's contact information
    586 Lewiston Junction Rd 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
    586 Lewiston Junction Rd Auburn, ME 04210
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