Urban Infill Development Site

Vacant Land for Sale
Catylist Listing ID: 30665649
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 8,000 SF
Sale Price: See Agent
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2020

Overview / Comments

8,000± SF City-owned development site ideal for mixed-use development

In a Federal Opportunity Zone with significant Federal tax benefits

Located on the banks of the Androscoggin River with spectacular views adjacent to Anniversary Park

In close proximity to Dunkin, The Fire House Grill, and the Boys & Girls Club of Auburn

Projects that create a minimum of $2 million in assessable value within the district may be eligible for a Credit Enhancement to assist with development costs

The Auburn City Council has allocated $1 million toward downtown redevelopment projects

A maximum of $250,000 per project is available to assist with substantial development.

Pricing negotiable for the right project.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Submarket/Township: Lewiston/Auburn
Submarket Type: Central Business District
Taxing Authority: City of Auburn
Tax ID/APN: 01010_221-102
Zoning: T-5.1
Property Visibility: Excellent
Site Description: 8,000± SF City-owned development site ideal for mixed-use development
Lot Frontage: 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,893 44,067 61,525
Median Age: 33.64 36.76 38.51
Households: 8,045 18,863 25,977

Contact

Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

The Boulos Company NECPE Member
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