254 Minot Avenue Auburn, ME
$800,000
Square Footage 47,295
Acres 1.34
Description
We are pleased to offer an exceptional investment opportunity with the sale of an iconic building that once housed the Maine Baking Company, and over the years, it has been home to Benson & Sullivan Candy Distribution, Selzer and Rydholm, and most recently, Stratham Tire.
The building offers over 26,000 square feet of expansive space across its first and second levels, complemented by an additional 14,000 square feet of functional basement space. This building also includes public water & sewer, natural gas, full dry sprinkler system, industrial elevator, four garage bays, two loading docks and an oversized parking lot in rear of building.
The property's zoning allows for high-density usage, which includes residential, retail, office suites, storage, warehouse use, and more. Given the increased demand for housing, a condo conversion could be an appealing and profitable option.
Minot Ave's prime location provides high visibility and accessibility, with a traffic count greater than 12,000 daily and minutes from the Auburn Turnpike exit. It is situated in a bustling area that offers numerous amenities, such as restaurants, shopping centers, local businesses, healthcare and access to a highly sought-after school district. This makes the building an excellent investment for anyone looking to capitalize on the growth and potential of downtown Auburn, Maine.
Listed by Maine Real Estate Co, Michelle Gosselin 207-229-5449
Details
MLS 1597110
Status Active
Price $800,000
DOM 150 days
Type Commercial
Square Feet 47,295 sqft
Lot Size 1.34 acres
Year Built 1915
Taxes Paid $13,714
Lot & Building Features
Cooling None
Tax Year 2023
Taxes Paid $13,714
Room Details
Basement Description Brick/Mortar, Sump Pump, Full
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.