63 Broad St Auburn, ME 04210
- Commercial real estate
- 5,570 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 63 Broad St
- Year built
- 1933
- Construction
- FRAME
- Lot size
- 0.13 lot acres
- Property size
- 5,570 SF
- Property type
- Commercial real estate
- APN
- AUBN M:221 L:088
- APU
- AUBNM221L088
Description
This exceptional 5,570 square foot retail building, situated on a 0.13-acre lot at 63 Broad Street in Auburn, Maine (zip code 04210), presents a compelling investment opportunity. Constructed in 1933 and zoned DTC, the property boasts a prominent corner location in the New Auburn neighborhood, enjoying high visibility and significant traffic volume, with an annual average daily traffic count of 10,196 vehicles. A walk score of 77 further underscores its accessibility and desirability. The building currently features a convenience store and includes approximately 2,400 square feet of vacant office/retail space, offering flexibility for a variety of uses. A substantial 4,780 square feet of basement storage space provides ample additional utility. The asking price is $430,000, translating to $77.20 per square foot. Existing tenants are on month-to-month leases below market rate, presenting a clear opportunity to increase rental income. This property is ideally suited for an owner-occupant seeking a high-profile location or an investor looking to capitalize on its strong traffic patterns and rental income potential. The property's location in Androscoggin County offers easy access to major transportation routes and a thriving local community.
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
- -70.2233
- Latitude
- 44.0874
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
