720 Broadway Bangor, ME 04401
UPDATED:
01/18/2025 06:32 AM
Key Details
Property Type Commercial Sale
Sub Type Investment
Listing Status Active
Square Footage 17,800 sqft
MLS Listing ID 1612720
HOA Y/N No
Originating Board Maine Listings
Year Built 1984
Annual Tax Amount $32,140
Tax Year 2024
Lot Size 1.890 Acres
Acres 1.89
Property Description
Main building is a 16,000/sf steel frame .is an addition which is a wood frame structure on a concrete slab with pre-engineered roof structure finished with an asphalt shingle roof.
Some of the rents being charged are below market rates. NOI can easily be increased over the next five years with lease renewals increasing NOI.
Owner has completely renovated and updated building and property. Building is fully sprinklered. Each unit has its own HVAC units. All units have been updated within the past two years or so. Building and property have both been well maintained.
Cross easement to and from Walgreens Pharmacy. Neighboring tenants include Walgreens Pharmacy, Hannaford Supermarket, T.J. Maxx, U.S. Cellular and Katahdin Trust.
This is truly an opportunity for an investor looking for tax benefits and growth in income.
Location is phenomenal with high traffic visibility.
Location
State ME
County Penobscot
Zoning S & PS
Rooms
Basement None
Interior
Heating Forced Air, Direct Vent Furnace
Cooling Central Air
Flooring Vinyl, Concrete
Exterior
Parking Features 21+ Spaces, On Site, Paved
Utilities Available 1
View Y/N No
Roof Type Metal,Shingle
Building
Lot Description Near Turnpike/Interstate, Business District, Retail Strip
Building Description Metal Clad,Steel Frame,Wood Frame, Sprinkler - Wet
Story 1
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Structure Type Metal Clad,Steel Frame,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural
