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    Property profile & analytics
    OFF-MARKET Estimated value $1,660,000
    Industrial properties

    586 Lewiston Jct Rd, Auburn, ME 04210-8847

    120,339 SF 72.67 ac lot Built 1995
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US42-0015695
    Property summary
    AI-generated overview

    This exceptional 123,359 square foot multi-tenant property at 586 Lewiston Junction Road offers a unique blend of office, warehouse, and flex space. Built in 1995 and extensively renovated in 2018, the single, three-story building sits on a substantial 72.67 acres of industrially zoned land, providing ample room for expansion or future development. The property boasts seven loading docks, seven dock-high doors, and five drive-in doors, ensuring efficient loading and unloading. A total of 60 parking spaces are available for tenants and visitors. The flexible floor plans allow for spaces ranging from 7,422 to 50,256 contiguous square feet, accommodating a variety of business needs. The building is equipped with elevators and ample power. Its strategic location offers convenient access to a rail spur located south of the warehouse. The property's zoning designation includes Industrial and Free Trade Zone classifications, opening up a wide range of potential uses. With five total suites available, this property presents a compelling opportunity for businesses seeking a versatile and well-equipped space in a prime industrial location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1995
    Construction STEEL FRAME
    Total area 120,339 SF
    Lot 72.67 ac (3,165,505 SF)
    APN AUBN M:130 L:001
    UPID US42-0015695
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • General Insulation Company, Inc. Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.10M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.23M
    Blend (final) Blend
    $1.66M
    Owner & transaction history
    Ljr Dev LLC · 5 yrs held
    Ljr Dev LLC
    since 2020
    5 recorded transactions
    2023
    2021
    2020
    2017
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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