Auburn, ME Retail Property For Sale

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.

Located in the New Auburn Neighborhood, this 5,570 SF property offers high visibility at a busy corner with an Annual Average Daily Traffic of 10,196 and a walk score of 77. The property includes 4,780 SF of basement storage and 2,400± SF of vacant office/retail space suitable for a variety of uses. Current tenants are on below market month-to-month leases, providing potential for rental income adjustments. This versatile property is ideal for an owner occupant seeking a prominent location for their business, or for an investor looking to capitalize on its high visibility and significant foot and vehicle traffic.