Developer George Schott sold his 5,554-square-foot Applebee’s restaurant building on Center Street in Auburn to an undisclosed buyer for $3 million in early May, according to MaineBiz’s Real Estate Insider on Tuesday.
Craig Young and Chris Paszyc of CBRE/The Boulos Co. brokered the sale.
Schott had picked up the restaurant two years ago as part of a package deal when he sold three properties around the Auburn Mall.
Young on Tuesday said that the Applebee’s will remain an Applebee’s “for a long time to come, they have a long-term lease. (It was) just an investment sale.”
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