550 Center St

Retail Investment Opportunity

The Boulos Company is pleased to offer a rare opportunity to purchase and redevelop one of the largest retail sites in Maine, in the second largest population area of the state of Maine in Auburn. The Auburn Mall is one of four enclosed malls in the State. The Mall consists of approximately 30 acres improved with a 344,369± GBA enclosed Mall plus one outparcel with approximately 318,786 total leasable square feet. The Mall is anchored by J.C. Penney, who occupies 97,133± SF and has been the primary anchor of the Mall since the Mall was developed in 1979. The Mall has a secondary anchored box of 59,941±SF which was most recently occupied by TD Bank as a call center. TD vacated their space in December 2024. This vacancy provides an opportunity to redevelop the west end of the Auburn Mall parcel. Notable tenants within the Mall include, J.C. Penney, Game Zone, Spencer's, Photo Finish, Super Shoes, GNC, Thatcher's Restaurant, and Miller Fitness. The Mall property also includes one outparcel, a former bank branch of 3,752± SF located to the rear of the property. The outparcel is currently vacant. Site plan approvals are in place for the development of four additional outparcels along Center Street and Mt. Auburn Ave. There is ongoing interest and an offer in place to develop some of the outparcels. A redevelopment of the west end of the Auburn Mall could make way for a number of notable retailers and grocery stores such as Costco, Market Basket, Hannaford, Aldi's, and others. Other notable surrounding retailers in the area include Walmart, Target, Lowe’s, Home Depot, Kohl’s, Hobby Lobby, BJ's and Shaw’s Supermarket, to name a few. Don’t miss this rare opportunity to acquire one of the largest and most viable retail sites within southern Maine.