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    700 Mount Hope Ave Bangor, ME 04401

    Sponsored
    For Sale
    $795,000

    Prime Bangor office space, 9,928 sq ft, 2.85 acres.

    Property size:
    9,928 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 9,928 square foot freestanding office building presents a unique investment opportunity in Bangor, Maine. Constructed in 1984 and renovated in 2003, the property boasts a substantial footprint situated on a generous 2.85-acre lot. The building is part of the professionally managed Evergreen Woods office condominium complex, ensuring a well-maintained and desirable environment. The complex enjoys a diverse tenant base, including medical, dental, legal, counseling, and primary care practices, creating a thriving and collaborative atmosphere. Its strategic location offers convenient access to major transportation arteries, being just one mile from Interstate 95 (exit 187), providing excellent accessibility for employees and clients alike. The building's 8,920 square feet of usable space offers ample room for a variety of business needs, making it an ideal location for established businesses seeking expansion or new ventures looking for a prestigious address. The property's size and location within a well-established office complex make it a highly attractive proposition for investors and businesses seeking a prominent presence in the Bangor area. This is a rare opportunity to acquire a substantial and well-maintained office building in a prime location.

    Property Features for 700 Mount Hope Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,928 SF
    Lot Size
    124,146 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Tyler Technologies Software Company David Chase Law Attorney Mac Donald William ... Social Security Attorney Tensegrity Health & Aesthetics Skin Care Clinic Macdonald Chase & Dufour: ... Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Dental Office Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.73618
    Latitude
    44.82382

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Bangor office space, 9,928 sq ft, 2.85 acres.
    Where is this office property / space located?
    The property is located at 700 Mount Hope Ave Bangor, ME.
    What is the asking price?
    The asking price for this property is $795,000.
    (207) 772-1333
    Request Owner's contact information
    700 Mount Hope Ave 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
    700 Mount Hope Ave Bangor, ME 04401
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