123-127 Franklin Street Bangor, ME 04401
New
- Added:
- May 6, 2026
- Days on Market:
- 2
- Last Refresh:
- May 7 at 2:06 am
Property Features for 123-127 Franklin Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 24 Downtown Dev Dist
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- Standard status
- Active
- Size
- 13,200 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11923
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1912
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- Concrete, Brick, Masonry
- Roof type
- Membrane
Listing agent Stephen Sprague (207) 319-8129
Listing office ERA Dawson-Bradford Co. 417 Main Street, Bangor, ME (207) 947-6788
Listing date May 6, 2026
MLS# 1653941
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.
HighLights
- High Annual Net Operating Income (NOI) near $100,000.
- Prime Downtown Bangor location in the Development District.
- Mixed‑use property with four renovated residential apartments and two restaurant spaces.
- Fully renovated apartments (2015‑2019) feature modern updates, hardwood floors, and in‑unit washer/dryer hookups.
- Two commercial restaurant spaces, including the established Benjamin's Pub.
- Eligibility for additional façade grants with up to 50% cost share.
Overview
Bangor Mixed-Use Investment Opportunity
Located in the heart of Downtown Bangor's Development District, the mixed-use property at 123 & 127 Franklin Street presents an investment opportunity. The property features four renovated residential apartments and two restaurant spaces. The second and third floors house four apartments with views of downtown Bangor and the nearby public library. Each unit includes hardwood floors, large windows, and washer and dryer hookups. Renovated between 2015 and 2019, the apartments combine modern updates with classic downtown character. Apartment #1 is a 3 Bed / 1 Bath unit with 800 SF, renting for $1,400/month. Apartment #2 is a 2 Bed / 1 Bath unit with 900 SF, renting for $1,352/month. Apartment #3 is a 3 Bed / 1 Bath / 1 Den unit with 1,000 SF, renting for $1,497.60/month. Apartment #4 is a 3 Bed / 2 Bath / 1 Den unit with 1,000 SF, renting for $1,550/month. The commercial component includes two restaurant spaces. The lower level is home to Benjamin's Pub. The first-floor restaurant and bar space with dining area is undergoing cosmetic renovations. The commercial spaces were renovated between 2020 and 2021 and feature updated kitchen suppression systems. A natural gas furnace was installed in 2012. The building façade was repaired and repainted in 2019 using City of Bangor façade grant funds. The property is eligible for additional façade grants with up to 50% cost share. The property generates an annual NOI near $100,000. The property has a lot size of 0.12 acres and a building size of 13,200 square feet. The zoning is 24 Downtown Dev Dist.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7718885
- Latitude
- 44.8035639
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial spaces in downtown Bangor.
Where is this mixed-use property located?
The property is located at 123-127 Franklin Street Bangor, ME.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: High Annual Net Operating Income (NOI) near $100,000.; Prime Downtown Bangor location in the Development District.; Mixed‑use property with four renovated residential apartments and two restaurant spaces.
