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Leased Office Condominium

115 Franklin Street, Bangor, ME 04401

For Sale
New
$194,900

Commercial Sale, Bangor, ME

Property Size2,060 SF
Lot Size0.50 Acres
Price / SF$94.61
Days on Market2

Property Features for 115 Franklin Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning Com
Rooms Basement
Parking features Off Street, Other, On Street
Basement Full
Lot features Public Transport Access, Downtown, Business District, Bus Line, Historic District, Near Shopping
Standard status Active
Size 2,060 SF
Lot size 0.50 Acres

Additional Details

Tenant in Place Yes
Property Use Office
Condition Turnkey

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3673
HOA Fee $504 Monthly

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating), Forced Air
Cooling system Heat Pump, Central Air
Water source Public

Amenities

reception and waiting area
coffee bar
break area
restroom
conference room
security cameras
high ceilings
natural light

Building Details

Year built 1983
Number of units 7
Flooring type Linoleum, Carpet, Concrete
Building materials Masonry, Brick
Roof type Flat, Rolled Hot Mop
Buildings 1
Listing Agency: EXP Realty
Listed By: Corey Dunn
Added: Nov 8 Last Checked: Nov 9 at 11:06AM
MLS# 1687233

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,060-square-foot office condominium occupies the third floor at 115 Franklin Street in Bangor. Its seven private offices are currently leased. Shared suite features include a reception and waiting area, coffee bar and break space, restroom, and furnished conference room. Elevator access opens directly into the suite, and two recently installed heat pump systems provide heating and cooling. High ceilings, natural light, and security cameras are also part of the property.

The building is in downtown Bangor, with offices, restaurants, shops, and other amenities in the surrounding area. On-street and off-street parking options are nearby. The condominium is part of the Franklin Street Condominium Association and is zoned Com.

Key Highlights

  • 2,060‑square‑foot office condominium with seven private offices, all currently leased
  • Third‑floor suite at 115 Franklin Street in downtown Bangor
  • Elevator opens directly into the suite

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Worgull Norman O Physician Cheryl S. Pelletier Psychotherapist Kristi Buchanan Lmt Alternative Medicine Practice Horace Mann Insurance ... Insurance Agency TrueNorth Counseling Solutions Counselor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Pet Store & Service Pet Grooming Service Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,014
Businesses Nearby

Demographics for 04401, ME

44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office Units in Penobscot County, ME

$130 Jul
$123 Aug
$123 Sep
$123 Oct

Properties on Market for Office Units in Penobscot County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Seven occupied private offices share reception, break, restroom, and conference facilities in a third-floor suite.
Where is this office unit located?
The property is located at 115 Franklin Street Bangor, ME.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: 2,060‑square‑foot office condominium with seven private offices, all currently leased; Third‑floor suite at 115 Franklin Street in downtown Bangor; Elevator opens directly into the suite
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