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Shapiro Brothers Building

$469,900

63 Broad Street, Auburn, ME 04210

Active
Last Updated: 10/16/2023

10,350 sqft

Building Size

0.13 acres

Lot Area

Details:
Building Size:    10,350 sqft
Lot Area:    0.13 acres
Occupancy:    100%
Units:    3
Year Built:    1933
Zoning:    DTC
Floors:    1
Heating:    Gas
Cooling:    Heat pump
Description:

AUCTION MAY 15th 2023.  www.63BroadStreet.com for info. 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. 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!

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Title
63 Broad Street, Auburn, ME 04210
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Location
Gallery