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Property profile & analytics
OFF-MARKET
Commercial real estate

1600 Union St Bangor, ME 04401

14,754 SF 125.37 ac lot
Property ID
US42-0747788
Property summary
AI-generated overview

This exceptional 125.37-acre parcel presents a rare development opportunity in Bangor, Maine. Strategically located on the heavily trafficked Route 222 corridor (10,160 daily traffic count), this property boasts unparalleled visibility and accessibility. Its proximity to I-295 (2 miles) and Bangor International Airport (1000 feet) further enhances its desirability. The level land is ready for immediate development, offering significant potential for a mixed-use project encompassing retail, industrial, commercial, and residential components. The sale includes six contiguous properties (1350, 1358, 1372, 1380, 1414, and 1600 Union Street), totaling 125.37 acres. Existing structures on the property include a 3,614 square foot industrial shop, an 8,140 square foot retail store, and two residential homes (1,000 and 2,000 square feet). This substantial landholding offers a unique chance to create a thriving development in a vibrant city with a rich history and strong community. The combined square footage of the existing buildings is 14,754 square feet. The property's location in the northwest section of Union Street and Griffin Road, within the Queen Cities of Bangor and Brewer, ensures high visibility and convenient access for businesses and residents alike. Don't miss this chance to acquire a truly exceptional development opportunity.

Property profile
Verified
Property type Commercial real estate
Total area 14,754 SF
Lot 125.37 ac (5,461,117 SF)
UPID US42-0747788
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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