Mixed-Use Investment
28 South Main Street, Bangor, PA 18013
Mixed-use building with two street-facing commercial spaces and four 3-bedroom apartments plus additional walk-up fourth-floor space.
Type:Multifamily, Mixed Use
Property size:
9,221 SFPrice / SF:
$119/SF- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 2:42 am
Property Features for 28 South Main Street
General Information
- Standard status
- Active
- Size
- 9,221 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1907
Listing office Galligan Realty Group
Listing date Jun 17, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Galligan Realty Group
HighLights
- Mixed‑use building in Downtown Bangor with 2 street‑facing Main Street commercial spaces and 4 above‑unit apartments
- Total of 6 income‑producing units: 2 commercial spaces on Main Street plus four spacious 3‑bedroom apartments
- Walk‑up 4th floor offers potential for additional rental units or expanded income opportunities
- Recent updates include a new roof in 2022 and a new natural gas boiler installed in 2025
- Electrical systems updated and newer windows throughout the building
- Year built: 1907
Overview
This mixed-use commercial building includes six income-producing units: two stone-front commercial spaces at street level and four 3-bedroom apartments positioned above. A walk-up fourth floor adds additional usable space that may support further rental opportunities. The property has been maintained with multiple capital improvements, including a new roof installed in 2022, a new natural gas boiler placed in 2025, updated electrical systems, and newer windows throughout.
The building is located at 28 South Main Street and is described as being in the center of Downtown Bangor. It fronts Main Street and is surrounded by local businesses, restaurants, and community events.
For investors or operators seeking a small, diversified income stream, the combination of retail-facing space and residential units can provide practical flexibility. With long-term tenants already in place and recent building upgrades completed, the property may offer a straightforward option for an owner looking to add a mixed-use asset to an existing portfolio or acquire a downtown property with an established operating history.
The building is located at 28 South Main Street and is described as being in the center of Downtown Bangor. It fronts Main Street and is surrounded by local businesses, restaurants, and community events.
For investors or operators seeking a small, diversified income stream, the combination of retail-facing space and residential units can provide practical flexibility. With long-term tenants already in place and recent building upgrades completed, the property may offer a straightforward option for an owner looking to add a mixed-use asset to an existing portfolio or acquire a downtown property with an established operating history.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.7k | $12.00 |
| − Vacancy | −$8.6k | −$0.94 |
| EGI | $102.0k | $11.06 |
| − OpEx | −$30.6k | −$3.32 |
| NOI | $71.4k | $7.74 |
9,221 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$892.7K – $1.19M
NOI $71,415 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$801.6K
$701.4K – $935.2K
NOI $56,112 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,425 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.2052886
- Latitude
- 40.8674323
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Mixed-use building with two street-facing commercial spaces and four 3-bedroom apartments plus additional walk-up fourth-floor space.
Where is this apartment building located?
The property is located at 28 South Main Street Bangor, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use building in Downtown Bangor with 2 street‑facing Main Street commercial spaces and 4 above‑unit apartments; Total of 6 income‑producing units: 2 commercial spaces on Main Street plus four spacious 3‑bedroom apartments; Walk‑up 4th floor offers potential for additional rental units or expanded income opportunities
