Shapiro Brothers Building

Investment Overview

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!