Skip To Content

63 Broad Street

Auburn, ME 04210
  • $629,000
  • STATUS: Active
  • MLS #: 1519885
UPDATED: 53 min ago
$629,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,350
    SQFT
Neighborhood:
Type:
Commercial
Built:
1933
County:
Area:

School Ratings & Info

Mortgage Calculator tool is provided by BoomTown.

Description

The Gateway to New Auburn! The Shapiro Brothers Building (an entire city block) was previously a 4 story building - retail shops and offices on the brick bottom level, and 3 floors of apartments above. Since a fire many decades ago, it is one floor BRICK with 3 long term tenants, but the possibilities to go vertical with construction here again would be within the grasp of a capable developer or entrepreneur, and according to the City of Auburn, since there is city parking lot less than 1,000ft away, no additional parking needs to be factored in if bringing apartments back to this building is planned. A new owner could increase the CAP rate by raising rents to market rate even if the desire to rebuild vertically wasn't of interest. This location is desirable for food Services/Restaurant, Bar, Coffee shop, Retail, CONDO CONVERSION, etc. Come join the New Auburn revitalization!

Monthly Payment Calculator


Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-10-07T10:48:40.987.
www.thenewenglandreco.com/homes/125900333
Print Image

63 Broad Street Auburn, ME 04210

  • Price: $629,000
  • Status: Active
  • On Site: Days
  • Updated: 53 min ago
  • MLS #: 1519885
0
Beds
0
Baths
0
½ Baths
0.13
Acres
10,350
SQFT
$61
$/SQFT
1933
Built
Neighborhood:
Auburn
County:
Androscoggin
Area:
Auburn
Property Description
The Gateway to New Auburn! The Shapiro Brothers Building (an entire city block) was previously a 4 story building - retail shops and offices on the brick bottom level, and 3 floors of apartments above. Since a fire many decades ago, it is one floor BRICK with 3 long term tenants, but the possibilities to go vertical with construction here again would be within the grasp of a capable developer or entrepreneur, and according to the City of Auburn, since there is city parking lot less than 1,000ft away, no additional parking needs to be factored in if bringing apartments back to this building is planned. A new owner could increase the CAP rate by raising rents to market rate even if the desire to rebuild vertically wasn't of interest. This location is desirable for food Services/Restaurant, Bar, Coffee shop, Retail, CONDO CONVERSION, etc. Come join the New Auburn revitalization!
Exterior Features

Construction Masonry Exterior Brick Foundation Materials GranitePoured Concrete Parking On Street Roof Other

Interior Features

Basement FinishedFull Cooling Heat Pump Gas Natural - At Street Heat Fuel Gas Natural Heat System BaseboardHot WaterMulti-Zones

Property Features

Building Features Fire System Electric Circuit Breakers Full Tax Amount Amount 7505.00 Leased Land No Leases Partial Location Bus LineBusiness DistrictDowntownNear AirportNear ShoppingNear Turnpike/InterstatePublic Transport AccessRetail Strip Property Uses Bar/Tavern/LoungeChild CareCommercialConvenience StoreDistributionExecutive SuitesFlexFreestanding BuildingMedicalNeighborhood CenterOffice BuildingOtherRestaurantRetail Sewer Public Sewer Surveyed Unknown Tax Year 2020 Water Public Zoning Dtc Zoning Overlay Unknown

Listing provided courtesy of Keller Williams Coastal And Lakes & Mountains Realty: [IDXCONTACTINFORMATION].

© 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-10-07T10:48:40.987.
 
https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_4_1519885-2.jpg https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_4_1519885-2.jpg https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_4_1519885-2.jpg
Logo
The New England Real Estate Company
98 Elm St
Camden ME, 04843
Mortgage Calculator tool is provided by BoomTown.