Passive Solar Office and Medical
1570 Broadway Bangor, ME 04401
For Sale
$850,000
COMMERCIAL - Bangor, ME
Property Size6,170 SF
Lot Size5.76 Acres
Price / SF$137.76
Days on Market92
Property Features for 1570 Broadway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- G&ISD
- Interior features
- Storage
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 6,170 SF
- Lot size
- 5.76 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10243
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Electric (Heating), Solar (Heating), Forced Air, Heat Pump (Heating), Natural Gas, Propane (Heating)
- Cooling system
- Heat Pump
- Water source
- Private, Well
- Water front features
- Stream
Building Details
- Year built
- 1979
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 942-8261
Listed By:
Jan Currier · License #BR210618
(207) 944-6430
Added: Apr 23
Changed: Jul 7
Last Checked: Jul 23 at 12:06PM
MLS# 1511554
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A versatile office and medical building featuring a passive solar envelope designed for clean, efficient heating. The outer north and south walls, ground floor, and roof are constructed to allow airflow between them and internal walls, with solar heat drawn from the solar system through roof-to-rear-wall ducts. The building also includes backup heating and cooling with heat pumps, plus a propane fireplace in a Great Room-style space. The floor plan offers large open conference areas, many individual office suites on both levels, and lots of storage throughout, with bathrooms on both floors. Two fire escapes are located on the second floor.
The property is positioned at the edge of Bangor’s retail and shopping development, with two entrances/exits and parking for over 40 vehicles. It is currently zoned G&ISD, and the Shopping and Personal Services District is noted as across the street on Broadway, with the Planning Board considering additional business possibilities for the broader Bangor community.
With approximately 4,578 square feet on the first floor and approximately 1,932 square feet on the second floor, the building can support a range of office and medical office configurations under the current zoning. Practical for tenants seeking separate suites across two levels, it also provides on-site storage and egress via two second-floor fire escapes. Additional contiguous lots are identified as available if purchased with the building under the same map/lot grouping and contract zoning for G&ISD.
The property is positioned at the edge of Bangor’s retail and shopping development, with two entrances/exits and parking for over 40 vehicles. It is currently zoned G&ISD, and the Shopping and Personal Services District is noted as across the street on Broadway, with the Planning Board considering additional business possibilities for the broader Bangor community.
With approximately 4,578 square feet on the first floor and approximately 1,932 square feet on the second floor, the building can support a range of office and medical office configurations under the current zoning. Practical for tenants seeking separate suites across two levels, it also provides on-site storage and egress via two second-floor fire escapes. Additional contiguous lots are identified as available if purchased with the building under the same map/lot grouping and contract zoning for G&ISD.
Key Highlights
- Passive solar office/medical building with solar heating system, plus heat pumps and propane fireplace for additional backup heating/cooling
- Approximately 6,510 SF total: about 4,578 SF first floor and about 1,932 SF second floor
- Versatile layout with bathrooms on both floors, large open conference areas, and many individual office suites across two levels
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.5k | $21.96 |
| − Vacancy | −$16.3k | −$2.64 |
| EGI | $119.2k | $19.32 |
| − OpEx | −$47.7k | −$7.73 |
| NOI | $71.5k | $11.59 |
6,170 SF · lease $21.96/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.45M
NOI $87,220 @ 7.0% cap · market cap 10.26%
Second Best
Healthcare Medical
$1.02M
$894.3K – $1.19M
NOI $71,540 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,491 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-level office/medical layout with multiple suites, bathrooms on both floors, and parking for 40+ vehicles.
Where is this office building located?
The property is located at 1570 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Passive solar office/medical building with solar heating system, plus heat pumps and propane fireplace for additional backup heating/cooling; Approximately 6,510 SF total: about 4,578 SF first floor and about 1,932 SF second floor; Versatile layout with bathrooms on both floors, large open conference areas, and many individual office suites across two levels
