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.
Room Features
Basement DescriptionBrick/Mortar, Sump Pump, Full
Lot & Building Features
CoolingNone
Tax Year2023
Taxes Paid$13,714
Price History of 254 Minot Avenue
Date
Name
Price
Difference
12/12/2024
Price Adjustment
$800,000
19.92%
07/17/2024
Listing Price
$999,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
254 Minot Avenue (MLS #1597110) is a commercial listing located in Auburn, ME.
This commercial listing is 47,295 sqft and on a lot of 58,370 sqft (or 1.34 acres) and is 109 years old. This property was listed on 07/16/2024 and has been priced for sale at $800,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Maine Real Estate Co