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    720 Broadway Bangor, ME 04401

    Sponsored
    For Sale
    $3,299,000

    Multi-tenant building, 17,800 sq ft, high traffic location.

    Property size:
    17,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a 17,800 square foot, multi-tenanted commercial building situated on a 1.89-acre lot at 720 Broadway in Bangor, Maine. Currently 100% leased, the property boasts a diverse tenant mix including Advance Auto, Subway, Pine State Nutrition, Game Citadel, and Marijuanaville. The main 16,000 square foot building features a steel frame construction, while an 1,800 square foot addition is built with a wood frame on a concrete slab and a pre-engineered asphalt shingle roof. Recent renovations and updates throughout the building include new HVAC units in each unit, all completed within the past two years. The building is fully sprinklered and exceptionally well-maintained. Significant upside potential exists due to below-market rents on some leases, offering substantial NOI growth opportunities over the next five years through lease renewals. The property benefits from a cross easement with Walgreens Pharmacy, and enjoys a prime location with high visibility alongside other major retailers such as Hannaford Supermarket, T.J. Maxx, U.S. Cellular, and Katahdin Trust. This property offers an investor the chance to capitalize on tax benefits and strong income growth in a highly desirable location. The asking price is $3,299,000.

    Property Features for 720 Broadway

    General Information

    Property type
    Investment properties
    Square Feet
    17,800 SF
    Lot Size
    82,328 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Game Citadel Game Store Subway Sandwich Shop MarijuanaVille Cannabis Store Herbalife Pine State ... Juice Shop Advance Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.78169
    Latitude
    44.82497

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    FAQs

    What type of property is this?
    Investment property - Multi-tenant building, 17,800 sq ft, high traffic location.
    Where is this investment property located?
    The property is located at 720 Broadway Bangor, ME.
    What is the asking price?
    The asking price for this property is $3,299,000.
    (207) 596-6095
    Request Owner's contact information
    720 Broadway 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
    720 Broadway Bangor, ME 04401
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