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0 Baths
17,800 sqft

$3,300,000

720 Broadway, Bangor ME, 04401

Built in1984
Property size17,800 sqft
Property typeCommercial
Courtesy of SVN The Masiello Group

Overview

Closed

Listed Jan 17, 2025

Updated Jun 9

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.

Additional information

MLS® ID
1612720

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.89 Acres

Other Property Details

Taxes
$32,140
Tax Frequency
Annually
MLS provider logo

Listing Contact: 207-495-7518

Bought with SVN The Masiello Group and Listed by Douglas Erickson with SVN The Masiello Group 207-495-7518

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Data is refreshed every 3 hours. Listing last updated at 3:12 PM UTC, 6/9/2026

 

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