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    Second St Auburn, ME 04210

    Sponsored
    For Sale
    Contact for pricing

    Prime 8,000 SF Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,000 square foot commercial land parcel presents a unique urban infill development opportunity in Auburn, Maine. Situated in the desirable T-5.1 zoning district, this city-owned property boasts a prime location on the banks of the Androscoggin River, offering spectacular views and adjacency to Anniversary Park. The site's strategic placement provides convenient access to local amenities, including Dunkin', The Fire House Grill, and the Boys & Girls Club of Auburn. Further enhancing its appeal, this location falls within a Federal Opportunity Zone, unlocking significant federal tax benefits for qualified investors. The city's commitment to downtown revitalization is evident through a dedicated $1 million fund for redevelopment projects, with a maximum of $250,000 available per project to support substantial development initiatives. Projects generating at least $2 million in assessable value may also qualify for additional credit enhancements to offset development costs. The property's address is Broad & 2nd Street, Auburn, ME 04210, in Androscoggin County. Pricing is negotiable, making this an attractive proposition for developers seeking a high-impact project in a thriving Maine community. This is a rare chance to capitalize on a prime location with substantial city support and significant tax advantages.

    Property Features for 0 Second St

    General Information

    Property type
    Land

    HighLights

    • 8,000± SF city‑owned development site ideal for mixed‑use development.
    • Located in a Federal Opportunity Zone, offering significant tax benefits.
    • Prime riverfront location on the Androscoggin River, adjacent to Anniversary Park.
    • Excellent proximity to amenities including Dunkin', The Fire House Grill, and the Boys & Girls Club of Auburn.
    • Eligible for up to $250,000 in city redevelopment funds, with additional credit enhancements possible for projects exceeding $2 million in assessed value.
    • Negotiable pricing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2225968
    Latitude
    44.0876803

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    FAQs

    What type of property is this?
    Land - Prime 8,000 SF Commercial Land
    Where is this land located?
    The property is located at Second St Auburn, ME.
    What are key features of this property?
    This property features: 8,000± SF city-owned development site ideal for mixed-use development.; Located in a Federal Opportunity Zone, offering significant tax benefits.; Prime riverfront location on the Androscoggin River, adjacent to Anniversary Park.
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    Second St 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
    Second St Auburn, ME 04210
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