Catylist ID:
#30665649
Urban Infill Development Site
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30665649 |
| Property Subtypes: | Office, Retail, Retail-Pad, Other |
| Status: | Pending/Contingent |
| Gross Land Area: | 8,000 SF |
| Sale Price: | See Agent |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/28/2024 |
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. |
Attachments & Media
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 |
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 |
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