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145 High St Bangor, ME 04401

For Sale
$1,495,000

22 Units, Strong Cash Flow, Updated

Property size:
8,682 SF

Description

Added:
Feb 3, 2025
Days on Market:
316
This exceptional Bangor, ME investment opportunity encompasses two well-maintained properties located at 145 Union Street and 62 High Street. The combined 8,682 square feet of space houses a total of 22 rental units, generating a strong and consistent cash flow. Recent capital improvements significantly enhance the value and efficiency of these properties. A brand-new, energy-efficient natural gas direct vent furnace has been installed, reducing operating costs and ensuring reliable heating for tenants. All vinyl windows have been replaced, further contributing to energy savings and improved aesthetics. Situated on a 0.4-acre lot, this property offers not only immediate income potential but also significant long-term appreciation prospects. The combination of modern upgrades and established character makes this a truly compelling investment opportunity in a desirable location. The properties are well-maintained and present a turnkey investment for a savvy buyer seeking a stable and growing income stream. This is a rare chance to acquire a substantial multifamily portfolio in a thriving Maine market. The asking price for this exceptional investment is $1,495,000. Serious inquiries are encouraged.

Property Features for 145 High St

General Information

Property type
Other commercial real estate
Square Feet
8,682 SF
Lot Size
17,424 SF

Building Details

Year Built
1895

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Bangor
County
Penobscot
State
Maine
Longitude
-68.77371
Latitude
44.79953

FAQs

What type of property is this?
Commercial real estate - 22 Units, Strong Cash Flow, Updated
Where is this commercial real estate located?
The property is located at 145 High St Bangor, ME.
What is the asking price?
The asking price for this property is $1,495,000.
More about this property
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