Property profile

45 Hutchins St Auburn, ME 04210

OFF-MARKET
Industrial properties
Property ID
US42-0363358
41,700 SF 0.53 ac lot Built 1890
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Auburn, ME industrial property offers 52,651 square feet of space across two, four-story buildings on a 1.95-acre lot. Built in 1890 and renovated in 2002, this mixed-use property features three loading docks, ten dock-high doors, and 12-foot ceilings. The property boasts recent upgrades, including public water and sewer connections, a full sprinkler system, and HVAC in several areas. Situated on a gated dead-end street, it offers enhanced security with surveillance cameras. Additional outbuildings provide extra space, and the property enjoys seasonal Androscoggin River views. The location provides high visibility with daily traffic exceeding 8,500 vehicles. This multi-tenant building is available for $1,500,000 ($28.49/sq ft) with an occupancy date of July 31, 2023. Potential buyers should note the availability of business incentive programs up to $150,000 for new or relocating businesses, and a housing development program offering up to $150,000 per new residential unit.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1890
Construction FRAME
Total area 41,700 SF
Lot 0.53 ac (23,087 SF)
APN AUBN M:220 L:102
UPID US42-0363358

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • Powder Coating Service

Location

45 Hutchins St Auburn, ME 04210-5718
Auburn metro Census 10100 LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$772k
Blend (final) Blend
$660k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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