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

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Charlene Hamiwka shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:08 AM UTC, 1/18/2025

 

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