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Property profile & analytics
OFF-MARKET Estimated value $4,240,000
Retail space

65 Mt Auburn Ave Auburn, ME 04210-8521

53,270 SF 3.91 ac lot Built 2014
Individually Owned 7-yr Hold Free & Clear
Property ID
US42-0312663
Property summary
AI-generated overview

This exceptional retail opportunity presents itself at the highly visible Hobby Lobby Plaza, located at 65 Mt. Auburn Ave in Auburn, Maine (zip code 04210). The property boasts a total of 23,100 square feet of retail space, currently entirely vacant and available for lease. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 3,300 square feet up to a maximum contiguous space of 15,000 square feet. The property sits on a generous 3.9-acre lot, providing ample parking and visibility for businesses. Its zoning designation is GB - General Business, allowing for a wide variety of commercial uses. The building is well-suited for a variety of tenants, including storefront retail, office space, restaurants, and even a bank with a drive-thru, given the existing infrastructure. The property's location in Androscoggin County offers excellent access to major roadways and a strong customer base. The address is 65 Mt. Auburn Ave, Auburn, ME 04210. This is a rare opportunity to secure prime retail space in a thriving commercial center. The property features no elevators. The APN is 280-006. This is a fully vacant building, presenting a unique chance to establish a presence in a high-traffic location. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Construction STEEL FRAME
Total area 53,270 SF
Lot 3.91 ac (170,320 SF)
APN AUBN M:280 L:006
UPID US42-0312663
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
  • Hobby Lobby (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.07M
Blend (final) Blend
$4.24M
Owner & transaction history
Colonial Marketplace Aasociate · 7 yrs held
Colonial Marketplace Aasociate
since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
Price N/A
2016
Price N/A
2014
Price N/A
2013
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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