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120 Center St 57,842 SF 86% Leased Retail Building Auburn, ME 04210 $6,200,000 ($107.19/SF)
Investment Highlights
- 10% Cap Rate
- Upside Potential
- Ample On-Site Parking
- Prime Auburn Retail Corridor
- High Visibility & Traffic Counts
Executive Summary
We are pleased to offer this excellent retail investment asset, located in Auburn’s busiest retail corridor. The Center Street Plaza is a 57,842± SF multi-tenant retail center with a great tenant mix and many with long-term leases in place. The property has upside potential with several below market rents. Additionally, there is potential for a high visibility pad-site. Location offers excellent visibility and high traffic counts of 23,950 cars/day.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
57,842 SF
Building Class
C
Year Built
1952
Price
$6,200,000
Price Per SF
$107.19
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
5.80 AC
Zoning
GB
Parking
150 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
401’ on Center St
Amenities
- Pylon Sign
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | AUBN-000251-000000-000011 | Improvements Assessment | $2,383,300 |
| Land Assessment | $824,900 | Total Assessment | $3,208,200 |
Property Taxes
Parcel Number
AUBN-000251-000000-000011
Land Assessment
$824,900
Improvements Assessment
$2,383,300
Total Assessment
$3,208,200
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120 Center St
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