15 Academy St Auburn, ME 04210
- Commercial real estate
- 1.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 15 Academy St
- Lot size
- 1.11 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.11-acre commercial land parcel, located at 15 Academy Street in Auburn, Maine (zip code 04210), presents a unique development opportunity. Zoned DE - Downtown Enterprise, this city-owned property offers significant potential for mixed-use projects. Its strategic location places it in close proximity to key amenities and infrastructure, including Auburn City Hall, the YMCA, Hilton Garden Inn, TD Bank, and the US Post Office. The site's high visibility and accessibility make it an attractive proposition for developers seeking to capitalize on Auburn's growing downtown area. Furthermore, developers of projects generating at least $2 million in assessed value within the district may qualify for a credit enhancement program designed to offset development costs. The Auburn City Council has committed $1 million to downtown redevelopment initiatives, with a maximum of $250,000 available per project to support substantial development efforts. The pricing for this exceptional property is negotiable, making it an attractive investment for the right project. This is a rare chance to acquire a significant piece of land in a thriving Maine community. Serious inquiries are encouraged.
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
- -70.227147
- Latitude
- 44.0929
