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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

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    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.
    (207) 942-8261
    Request Owner's contact information
    145 High 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
    145 High St Bangor, ME 04401
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