720 Broadway, Bangor, ME 04401
- Date Added:
2025-01-22 18:01:37
- Property Type:
Commercial Sale
- Property Sub-Type:
Investment
- MLS #:
1612720
- Status:
Active
- Year Built:
1984
Description
100% leased multi-tenanted building located on busy Broadway. Tenants include Advance Auto, Subway, Pine State Nutrition, Game Citadel and Marijuanaville. Main building is a 16,000/sf steel frame with an 1,800/sf 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.
Features
- Electric:
Circuit Breakers
- Water:
Public
- Heat System:
Forced Air, Direct Vent Furnace
Property Features
- Roof:
Metal, Shingle
- Construction:
Metal Clad, Steel Frame, Wood Frame
- Parking:
21+ Spaces, On Site, Paved
- Water Frontage:
No
Neighborhood Details
- County:
Penobscot
- Zoning:
S & PS
- Lot Size:
1.89 acres
Financials
- Listing Price:
$3,299,000.00
- Full Tax Amount:
$32140
