January 12, 2016
Auburn bank location sells for $2M
Courtesy Photo
By Sam Bonacci
The property that houses the Santander Bank branch at 317 Washington St. in Auburn has been sold for over $2 million.
The location was sold in October to The M Hill Companies by R&I Development LP of Clinton for $2.08 million, according to Glickman Kovago & Jacobs, which represented the sellers. The 3,725 square foot branch on 1.81 acres is located at intersection of Washington and Millbury streets. It is within one mile of the Auburn Mall and located next to more developable property.
Santander had eight years remaining on its lease with future options at the time of closing, according to a release from Glickman Kovago & Jacobs.
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