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254 Minot Ave

34,976 SF Industrial Building Auburn, ME 04210 £788,211 (£23/SF)

Investment Highlights

  • Minot Ave's prime location provides high visibility with a traffic count greater than 12,000 daily & minutes from the Auburn Turnpike Exit.
  • Property zoning allows for high-density usage, includes residential, retail, office suites, storage, warehouse use, and more.
  • 26,000 square feet of expansive space across its first & second levels, additional 14,000 square feet of functional basement space.

Executive Summary

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.

Property Facts

Price £788,211
Price Per SF £23
Sale Type Investment or Owner User
Sale Conditions Development Sale
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class C
Lot Size 1.34 AC
Rentable Building Area 34,976 SF
Number of Floors 2
Year Built 1915
Tenancy Single
Parking Ratio 0.43/1,000 SF
Clear Ceiling Height 12 ft 5 in
No. Dock-High Doors/Loading 1
Level Access Doors 2

Amenities

  • Property Manager on Site

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
AUBN-000220-000000-000038
Land Assessment
£184,074
Improvements Assessment
£291,535
Total Assessment
£475,609

zoning

Zoning Code General Business
General Business
  • Listing ID: 32704898

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: 254 Minot Ave, Auburn, ME 04210

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