Price Reduced 19.92%


Price History

$999,000
7/17/2024

$800,000
12/12/2024


254 Minot Avenue, Auburn, ME, 04210

254 Minot Avenue, Auburn, ME, 04210

1915

47,295 sqft

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.


Status:

Active

Type:

Commercial

Zoning:

General Business

Heating:

Radiator, Multi-Zones, Hot Water, Blowers

Cooling:

None

Basement:

Brick/Mortar, Full, Sump Pump

Parking:

Gravel, 21+ Spaces, On Site, Off Street

Acreage:

1.34

Est. Taxes:

$13,714

Construction

Brick, Masonry

Lot Description:

Public Transport Access, Near Turnpike/Interstate, Business District, Near Shopping

Amenities:

Storage

MLS #:

1597110


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Maine Real Estate Co