Active
720 Broadway
Bangor ME, 04401
$3,299,000
Active
17,800 sqft
Commercial
Built in 1984
Courtesy of SVN The Masiello Group
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 .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.
1612720
MLSⓇ ID
January 17, 2025
Listed
January 18, 2025
Updated
Map
720 Broadway
Bangor ME, 04401
Interior Features
Total Stories
1
Floor Description
Vinyl, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Direct Vent Furnace
Exterior/Building Features
Lot Size
1.89 Acres
Lot Features
Near Turnpike/Interstate, Business District, Retail Strip
Roof
Metal, Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$32,140
Tax Frequency
Annually
Garage
No
Parking
21 Spaces, On Site, Paved
View
No
County
Penobscot
Water Source
Public
Pool
No
Zoning
S & PS
Listing Contact: 207-495-7518
Courtesy of SVN The Masiello Group
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Data last updated 7:08 AM UTC, 1/18/2025