Auburn Mall | 550 Center St
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Auburn Mall 550 Center St
344,396 SF 83% Leased Retail Building Auburn, ME 04210 $18,000,000 ($52/SF)
Executive Summary
• Rare opportunity to purchase an enclosed Mall with redevelopment potential and additional outparcels at substantially below replacement cost.
• Classic department store anchored Mall with J.C. Penney and other notable tenants including Books-A-Million, Bath & Body Works, Game Zone, Spencer's, and GNC to name a few.
• Tremendous redevelopment upside given pending vacancy of the other 60,000 sf anchor, currently occupied by TD Bank.
• The Auburn Mall is in the heart of the retail landscape for central Maine. Lewiston/Auburn is the second largest populated area in the state with approximately 314,373 people within a 25-mile radius and an average household income of $78,009.
• Larger retail tenants in the immediate area include Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby and Shaw’s.
• Tenants notably missing from the area include Costco, Market Basket, Hannaford, and Aldi's to name a few.
• The Auburn Mall is a well-maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area.
• Classic department store anchored Mall with J.C. Penney and other notable tenants including Books-A-Million, Bath & Body Works, Game Zone, Spencer's, and GNC to name a few.
• Tremendous redevelopment upside given pending vacancy of the other 60,000 sf anchor, currently occupied by TD Bank.
• The Auburn Mall is in the heart of the retail landscape for central Maine. Lewiston/Auburn is the second largest populated area in the state with approximately 314,373 people within a 25-mile radius and an average household income of $78,009.
• Larger retail tenants in the immediate area include Walmart, Target, Lowe’s, Home Depot, Kohl's, Hobby Lobby and Shaw’s.
• Tenants notably missing from the area include Costco, Market Basket, Hannaford, and Aldi's to name a few.
• The Auburn Mall is a well-maintained center ideally located to serve the communities of Lewiston and Auburn and the larger central Maine area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
344,396 SF
Building Class
B
Year Built/Renovated
1979/1992
Price
$18,000,000
Price Per SF
$52
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.23
Lot Size
33.80 AC
Zoning
C - Commercial
Parking
1,776 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
521 FT on Center St
Amenities
- Enclosed Mall
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- End Cap
- 59,941 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| End Cap | 59,941 SF | Retail | End Cap | Now |
End Cap
| Size |
| 59,941 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | AUBN-000280-000000-000010 | Improvements Assessment | $12,542,700 |
| Land Assessment | $3,379,000 | Total Assessment | $15,921,700 |
PROPERTY TAXES
Parcel Number
AUBN-000280-000000-000010
Land Assessment
$3,379,000
Improvements Assessment
$12,542,700
Total Assessment
$15,921,700
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Auburn Mall | 550 Center St
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