63 Broad Street Auburn
Retail-Commercial
for Sale
| Catylist Listing ID: |
30793383 |
| Property Subtypes: |
Convenience Store, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
10,350 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.13 Acres
|
| Sale Price: |
$599,985 |
| Unit Price: |
$57.97 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Shaprio Brothers Block |
| Sale Terms: |
Cash to Seller |
| Auction Type: |
Undisclosed Reserve |
| Last Updated: |
9/25/2023 |
Overview / Comments
|
The Shapiro Brothers Building (an entire city block) was previously a 4 story building - retail shops and offices on the brick bottom level, and 3 floors of apartments above. Since a fire many decades ago, it is one floor BRICK with 3 tenants at will (below market rate) and currently one vacancy. Possibilities to go vertical with construction here again would be within the grasp of a capable developer or entrepreneur. A new owner could increase the CAP rate by raising rents to market rate even if the desire to rebuild vertically wasn't of interest. This location is desirable for food Services/Restaurant, Bar, Coffee shop, Retail, CONDO CONVERSION, etc. Come join the New Auburn revitalization!
|
Additional Details
| Nearest MSA: |
Lewiston-Auburn |
| County: |
Androscoggin |
| Taxing Authority: |
Auburn |
| Tax ID/APN: |
AUBN-000221-000000-000088 |
| Zoning: |
DTC |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
Route 136 & South Main St. Auburn |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Route 136 Auburn |
| Highway Access: |
Interstate 95 - 4.7 Miles |
| Airports: |
Portland International Jetport- 34.5 miles |
| Area Description: |
Bus Line; Business District; Downtown; Near Airport; Near Shopping; Near Turnpike/Interstate; Public Transport Access; Retail Strip |
| Tenancy: |
Multiple Tenants |
| Property Condition: |
Good |
| Year Built: |
1933 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Other |
| Parking Description: |
Street Parking. Possibility of leased parking spaces across the street if buyer is interested. |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Baseboard, Other |
| Interior Description: |
The first unit is currently a barber shop/beauty parlor, Second is used as an office space, Third is being used by a construction company, 4th (VACANT) former printshop that is using the old bank entrance and lobby, and offices behind the lobby. |
| Lot Frontage: |
236 Feet |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
| Legal Description: |
Map 221, Lot 88 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,769 |
44,067 |
61,525 |
| Median Age: |
33.92 |
36.76 |
38.51 |
| Households: |
7,569 |
18,863 |
25,977 |
|
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The information presented herein is provided as is, without warranty of any kind.
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