Second St Auburn, ME 04210
- Land
Current Use by Public Records
- Land
Property Details for 0 Second St
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2226
- Latitude
- 44.0877
