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    586 Main St Bangor, ME 04401

    For Sale
    $1,900,000

    High-traffic location, income-producing tenants.

    Property size:
    28,756 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 28,756 square foot commercial building at 586 Main Street, Bangor, ME, presents a unique investment opportunity. Strategically situated adjacent to the I-395 interchange, this property boasts unparalleled visibility and accessibility, making it ideal for a variety of commercial uses. Formerly the Anah Temple Shrine Building, the structure has undergone significant improvements, ensuring modern functionality and appeal. The building's substantial size is well-suited for a large retailer, distribution center, or warehouse operation. Currently, two tenants occupy approximately 14,000 square feet, generating rental income that helps offset operating expenses for the remaining space. This provides a strong foundation for a new owner, mitigating initial investment risk. The property sits on a 0.9-acre lot, offering ample space for expansion or outdoor activities. The asking price is $1,900,000, and owner financing may be available. This is a rare chance to acquire a high-profile commercial property in a thriving Maine location with significant income potential. Don't miss this opportunity to secure a prime piece of Bangor real estate.

    Property Features for 586 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    28,756 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1928
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Dorado Tattoos Tattoo Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.77875
    Latitude
    44.78611

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, income-producing tenants.
    Where is this commercial real estate located?
    The property is located at 586 Main St Bangor, ME.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (207) 947-6788
    Request Owner's contact information
    586 Main St 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
    586 Main St Bangor, ME 04401
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