Three-Story Office Building with
293 State Street, Bangor, ME 04401
New
COMMERCIAL - Bangor, ME
Type:Office
Property size:
3,584 SFLot size:
0.11 AcresPrice / SF:
$166/SF- Added:
- Jul 7, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 7 at 11:06 pm
Property Features for 293 State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Mixed
- Rooms
- Basement
- Parking features
- Off Street
- Interior features
- Storage
- Basement
- Walk-Out Access, Finished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 3,584 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5239
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Natural Gas, Electric (Heating), Heat Pump (Heating), Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1913
- Flooring type
- Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Slate, Shingle
- Additional Structures
- Storage
Listing agent Patricia Largay (207) 949-3060
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Jul 7, 2026
MLS# 1670681
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
- 3‑story Queen‑Anne style Victorian built in 1913 with 4 fully finished floors and hardwood flooring
- Flexible layout with a modern kitchen, 12 +/- private offices, distinct legal suites, and administrative desk spaces with 4 built‑in workstations
- 3 baths plus 2 gas fireplaces and custom hand‑carved wood mantles
- Accessible with a ramp and includes a brand‑new finished basement office with a separate entrance from the on‑site paved parking lot
- Efficient heating and cooling setup with a gas furnace and 8 heat pumps; equipped with multiple exterior cameras
- Services include public water and public sewer; roof materials include slate and shingle with wood frame and vinyl siding
Overview
This classic grey Queen-Anne style Victorian office building offers four fully finished floors with hardwood floors and historic custom hand-carved wood mantles framing two gas fireplaces. The interior layout includes a modern kitchen, approximately 12+ private offices, distinct legal suites, and administrative desk areas with four built-in workstations, along with three bathrooms. A brand-new finished basement office includes a separate entrance directly from a dedicated on-site paved parking lot, supporting client and staff access. Building systems include an efficient gas furnace, eight modern heat pumps, and multiple exterior cameras. Front and rear heated American Concrete steps are designed to reduce winter maintenance.
Located in Bangor within a Mixed zoning setting, the property sits on the city’s high-visibility State Street professional and medical corridor. The building’s dedicated parking and separate basement entry add practical circulation options for day-to-day operations and client visits.
The configuration suits a variety of office users seeking private rooms, administrative workstations, and suite-style organization within a single property. It also fits businesses looking for a separate, street-facing basement office through the dedicated entrance, with additional comfort from the building’s heating and security features. The current occupants, Largay Law Offices, are preparing to relocate to the Heritage Building in downtown Bangor after more than 35 years in operation.
Located in Bangor within a Mixed zoning setting, the property sits on the city’s high-visibility State Street professional and medical corridor. The building’s dedicated parking and separate basement entry add practical circulation options for day-to-day operations and client visits.
The configuration suits a variety of office users seeking private rooms, administrative workstations, and suite-style organization within a single property. It also fits businesses looking for a separate, street-facing basement office through the dedicated entrance, with additional comfort from the building’s heating and security features. The current occupants, Largay Law Offices, are preparing to relocate to the Heritage Building in downtown Bangor after more than 35 years in operation.
Local Financial Insights For Office B
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 | $77.4k | $21.60 |
| − Vacancy | −$9.9k | −$2.75 |
| EGI | $67.6k | $18.85 |
| − OpEx | −$16.9k | −$4.71 |
| NOI | $50.7k | $14.14 |
3,584 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$723.8K
$633.3K – $844.4K
NOI $50,664 @ 7.0% cap · market cap 8.51%
Second Best
Mixed Use
$366.9K
$321.1K – $428.1K
NOI $25,684 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,027 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7612426
- Latitude
- 44.8048745
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Move-in ready office building with multiple legal suites, hardwood finishes, and convenient off-street parking access.
Where is this live-work space located?
The property is located at 293 State Street Bangor, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3‑story Queen‑Anne style Victorian built in 1913 with 4 fully finished floors and hardwood flooring; Flexible layout with a modern kitchen, 12 +/- private offices, distinct legal suites, and administrative desk spaces with 4 built‑in workstations; 3 baths plus 2 gas fireplaces and custom hand‑carved wood mantles
