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    1600 Union St Bangor, ME 04401

    Sponsored
    For Sale
    $4,999,999

    125 Acres, Mixed-Use Potential, Prime Location

    Property size:
    14,754 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 1600 Union St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,754 SF
    Lot Size
    5,461,117 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hair Salon Gym & Fitness Pharmacy Department Store Food Market Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.82687
    Latitude
    44.82441

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    FAQs

    What type of property is this?
    Commercial real estate - 125 Acres, Mixed-Use Potential, Prime Location
    Where is this commercial real estate located?
    The property is located at 1600 Union St Bangor, ME.
    What is the asking price?
    The asking price for this property is $4,999,999.
    (207) 990-3929
    Request Owner's contact information
    1600 Union St Bangor, ME 04401
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    Bangor, ME 04401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Union St Bangor, ME 04401
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